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March 25, 2023
Question

I am self-employed. I bought 5% share of a business for $30k. Is there a place to deduct this?

  • March 25, 2023
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1 reply

March 25, 2023

Can you clarify if this is related to your self-employment or a separate endeavor?  In general, you do not deduct the purchase of a business, it is your equity.