Skip to main content
June 3, 2019
Solved

My adult dependent daughter has started a business which I helped finance. Is this deductible on my 1040?

  • June 3, 2019
  • 1 reply
  • 0 views
No text available
Best answer by JulieR

No, this is not deductible as an expense on your tax return.  This would be considered a personal investment if you are not part-owner of the business.

1 reply

JulieRAnswer
June 3, 2019

No, this is not deductible as an expense on your tax return.  This would be considered a personal investment if you are not part-owner of the business.