In California. I am a half owner of a registered C-Corp. It has not generated any revenue, but I have written checks to the corporation for certain expenses, such as lawyers fees and licenses/taxes that have totaled about $2000 in 2012. No new stock was issued for the money I spent on the corporation. Can I deduct this from my personal income taxes in 2012? Do I need to itemize in order to do so?
Thanks for any advice!
Jason
Thanks for any advice!
Jason