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I started up a small event company and registered it but it failed due to covid - how to I close it and can I claim any loss on personal tax return?
I spent a fair amount getting it started, marketing, etc. but it was just starting bookings and COVID hit - it has failed to get off the ground
May 2, 2022
9:38 AM
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Troubleshooting
The following links will guide you through what you need to understand and how to claim this business loss:
- TurboTax - Understanding Business Investment Losses
- TurboTax - Losses From Investing in a Failed Business
- TurboTax - Tax Obligations After Closing Your Business
May 4, 2022
1:40 PM