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Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
Satisfied Customers: 577
Experience:  10 years experience
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I'm ***** ***** Wakefield. I want to discuss recovering

Customer Question

Hi. I'm ***** ***** Wakefield. I want to discuss recovering my initial investment from business income before taxes.
JA: Thanks. Can you give me any more details about your issue?
Customer: Yes. I invested 250,000 in my business early in 2015. The business produced enough income the first year for me to completely recover this investment. Can I recover the money and deduct it from income before taxes?
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Submitted: 6 months ago.
Category: Tax
Expert:  Stephen G. replied 6 months ago.
Well, how this "recovery" as you put it, is treated for income tax purposes depends, in part, on how your business is organized. Are you operating as a sole proprietorship, corporation, etc.?You probably can recover your investment one way or another, but there would be no tax deduction related to that.Please give me some more details of your operation; what type of business is it & as noted above, how is your business organized?

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