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A loan isn’t a loss. A business can’t deduct that either.
by Schiendelman 6y ago
A loan isn’t a loss. A business can’t deduct that either.
- bradleyjg 6y agoIt can deduct the interest. It can also get an R&D credit+ for how it spent the proceeds of the loan. +Depending on a lot of details
- Schiendelman 6y agoYeah, and if an individual creates a sole proprietorship they could probably hire an instructor and deduct that R&D.
- ysavir 6y agoOf course not. The $155k tuition is the loss. The $150k loan is just a sudden influx of money used to compensate for the investment losses, the same as a company receiving investment funding.
- Schiendelman 6y agoIt's not a loss - it's training. If the individual created a sole proprietorship it might be deductible, too.