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Get your taxes done using TurboTax
You can make a personal loan to a corporation. It should be structured and set up in writing and allow for repayment. Maybe allow for an exchange of ownership in exchange for the loan that could be written off on your personal taxes as a loss.
Unfortunately, as a personal loan with no recourse this doesn't entitle you to a write off on your personal taxes. On the upside, it doesn't need to be entered on the tax return at all so you don't have to worry about that anymore.
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‎February 27, 2026
3:37 PM