Question

I had to close my business (selling luggage) due to no sales. COVID-19 and no one was traveling. Can I claim of loss of my business investments?

Forum|Forum|5 years ago
May 6, 2021
2 replies
0 views

I started business 5/6/2018 before we heard of the pandemic.

TurboTax Self Employed Online

A

AmeliesUncle

You need to clarify what you mean by "loss of your my business investments". What did you lose?

Carl11_2

Employee

The only "investment" I see in a business that sells luggage, is whatever was paid for inventory to be sold. But maybe you also had a storefront that you rented? Without more details on precisely what you are calling an investment loss, it's rather difficult to provide you with any useful feedback.