topic Is there a way that I can claim a deduction for money I invested into my incorporated startup? in Credits and deductions https://turbotax.community.intuit.ca/community/credits-deductions/discussion/is-there-a-way-that-i-can-claim-a-deduction-for-money-i-invested-into-my-incorporated-startup/01/887580#M539 Wed, 30 Oct 2019 04:26:26 GMT ttdltaylor 2019-10-30T04:26:26Z Is there a way that I can claim a deduction for money I invested into my incorporated startup? https://turbotax.community.intuit.ca/community/credits-deductions/discussion/is-there-a-way-that-i-can-claim-a-deduction-for-money-i-invested-into-my-incorporated-startup/01/887580#M539 Wed, 30 Oct 2019 04:26:26 GMT https://turbotax.community.intuit.ca/community/credits-deductions/discussion/is-there-a-way-that-i-can-claim-a-deduction-for-money-i-invested-into-my-incorporated-startup/01/887580#M539 ttdltaylor 2019-10-30T04:26:26Z No, you can't make a claim for that equity you provided t... https://turbotax.community.intuit.ca/community/credits-deductions/discussion/no-you-can-t-make-a-claim-for-that-equity-you-provided-t/01/887582#M540 <P>No, you can't make a claim for that equity you provided the corporation.&nbsp; If, in the future, you dissolve the corporation, and there is still an amount due to you (Due to Shareholder) then you could make a claim on your personal tax return, but for now, no.&nbsp; However, if later on, there is enough money in the corporation that you could withdraw the money you put in, then you can do so without including it as income on your personal return.</P> Wed, 30 Oct 2019 04:26:28 GMT https://turbotax.community.intuit.ca/community/credits-deductions/discussion/no-you-can-t-make-a-claim-for-that-equity-you-provided-t/01/887582#M540 TurboTaxJeffrey 2019-10-30T04:26:28Z Thank you! https://turbotax.community.intuit.ca/community/credits-deductions/discussion/thank-you/01/887583#M541 Thank you! Wed, 30 Oct 2019 04:26:29 GMT https://turbotax.community.intuit.ca/community/credits-deductions/discussion/thank-you/01/887583#M541 ttdltaylor 2019-10-30T04:26:29Z
This XML file does not appear to have any style information associated with it. The document tree is shown below.
<rss xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:taxo="http://purl.org/rss/1.0/modules/taxonomy/" version="2.0">
<channel>
<title>
topic Is there a way that I can claim a deduction for money I invested into my incorporated startup? in Credits and deductions
</title>
<link>
https://turbotax.community.intuit.ca/community/credits-deductions/discussion/is-there-a-way-that-i-can-claim-a-deduction-for-money-i-invested-into-my-incorporated-startup/01/887580#M539
</link>
<description/>
<pubDate>Wed, 30 Oct 2019 04:26:26 GMT</pubDate>
<dc:creator>ttdltaylor</dc:creator>
<dc:date>2019-10-30T04:26:26Z</dc:date>
<item>
<title>
Is there a way that I can claim a deduction for money I invested into my incorporated startup?
</title>
<link>
https://turbotax.community.intuit.ca/community/credits-deductions/discussion/is-there-a-way-that-i-can-claim-a-deduction-for-money-i-invested-into-my-incorporated-startup/01/887580#M539
</link>
<description/>
<pubDate>Wed, 30 Oct 2019 04:26:26 GMT</pubDate>
<guid>
https://turbotax.community.intuit.ca/community/credits-deductions/discussion/is-there-a-way-that-i-can-claim-a-deduction-for-money-i-invested-into-my-incorporated-startup/01/887580#M539
</guid>
<dc:creator>ttdltaylor</dc:creator>
<dc:date>2019-10-30T04:26:26Z</dc:date>
</item>
<item>
<title>
No, you can't make a claim for that equity you provided t...
</title>
<link>
https://turbotax.community.intuit.ca/community/credits-deductions/discussion/no-you-can-t-make-a-claim-for-that-equity-you-provided-t/01/887582#M540
</link>
<description>
<P>No, you can't make a claim for that equity you provided the corporation.&nbsp; If, in the future, you dissolve the corporation, and there is still an amount due to you (Due to Shareholder) then you could make a claim on your personal tax return, but for now, no.&nbsp; However, if later on, there is enough money in the corporation that you could withdraw the money you put in, then you can do so without including it as income on your personal return.</P>
</description>
<pubDate>Wed, 30 Oct 2019 04:26:28 GMT</pubDate>
<guid>
https://turbotax.community.intuit.ca/community/credits-deductions/discussion/no-you-can-t-make-a-claim-for-that-equity-you-provided-t/01/887582#M540
</guid>
<dc:creator>TurboTaxJeffrey</dc:creator>
<dc:date>2019-10-30T04:26:28Z</dc:date>
</item>
<item>
<title>Thank you!</title>
<link>
https://turbotax.community.intuit.ca/community/credits-deductions/discussion/thank-you/01/887583#M541
</link>
<description>Thank you!</description>
<pubDate>Wed, 30 Oct 2019 04:26:29 GMT</pubDate>
<guid>
https://turbotax.community.intuit.ca/community/credits-deductions/discussion/thank-you/01/887583#M541
</guid>
<dc:creator>ttdltaylor</dc:creator>
<dc:date>2019-10-30T04:26:29Z</dc:date>
</item>
</channel>
</rss>