Tell me more ×
Answers OnStartups is a question and answer site for entrepreneurs looking to start or run a new business. It's 100% free, no registration required.

I have a C-Corp I began, incorporated in 2012. To bootstrap the business, I've invested $30K of my own funds into the business, and now as the calendar year (and fiscal calendar) draws to a close, I am wondering how if at all I should reflect my investment for tax purposes.

For instance, can I write down any of this investment in 2012? How should I structure my investment to best take advantage of tax benefits?

As you can tell, I am in the need of accounting expertise, but alas am bootstrapped hence my post to AOS!

share|improve this question

1 Answer

I think it's usually done in the form of a loan. In this case you can only write down the interest (if any). Perhaps the best thing would be talking to a professional CPA - it should not be too expensive and the benefits might be quite substantial.

share|improve this answer

Your Answer

 
discard

By posting your answer, you agree to the privacy policy and terms of service.

Not the answer you're looking for? Browse other questions tagged or ask your own question.