Question by aamu01: How can I claim personal funds used for business expenses on next year taxes?
I used some personal funds in the beginning stages of my new business. How can I claim this on my taxes next year. All answers are welcome. Thanks!
Answer by tro
when you use your personal money to invest in a business that is what they are, investments
this money could be represented on your business return as equipment, pre opening expenses, etc. and would be used on your business return, not your personal
What do you think? Answer below!