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Business & farm
If you're in the first $1M of funding you can take a direct deduction, how does TT handle that?
"This is the most important tip for most angel investors because IRC Section 1244 gives investors the ability to take an ordinary income deduction on losses rather than the standard capital loss deductions. There are caveats such as needing to be part of the first $1 million of capital raised by the company and a few other requirements."
‎June 28, 2020
11:58 AM