hagnus
New Member

Personal Loan to Your Own Business - Tax Write Off?

Hi,

 

I've made a loan to my own personal business (LLC) and it's looking as though as while the business is running, it's not going to get into a state in the near future where it's going to be able to pay me back the capital that I put into.  Can I write that off on my personal tax return as a business loan write off?