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I invested $6,000 in an online business. how do I put this…

Customer Question
I invested $6,000 in...

I invested $6,000 in an online business. how do I put this into my taxes?

Accountant's Assistant: The Accountant will know how to help. Please tell me more, so we can help you best.

I invested the money in fees to get started, but never made a cent.

Accountant's Assistant: Is there anything else the Accountant should be aware of?

It was invested with credit cards

Submitted: 20 days ago.Category: Tax
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Answered in 1 hour by:
4/2/2018
Tax Professional: Cole Parker, Certified Public Accountant (CPA) replied 20 days ago
Cole Parker
Cole Parker, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 89
Experience: Certified Public Accountant
Verified

Hello, my name is***** reviewed your question.

I have a couple questions for you...

  1. The money you invested in this online business, were you considered a partner and if so, have you received a Schedule K-1?
  2. Was there any type of written agreement when you made you investment?
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