Deducting investment from my LLC into startup

[garlandstraub]

I invested 18k from my LLC in a new startup, can this be deducted as a business expense in my LLC?

[Bsch4477]

No. The investment is an asset. 

[garlandstraub]

thanks!   do I account for the 18k anywhere in LLC or personal taxes?

[Bsch4477 · Accepted solution]

That doesn’t have to be reported.