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Old 10-07-2012, 08:59 PM
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Investment and Material Claiming/Deductions

I have two questions:

1. I have a partner in my LLC who funded the company $10,000. What is the best way to claim this amount and how?

2. The company we own creates instructional videos for our online websites that range from how to make mixed drinks to repairing drywall. Needless to say, we have a variety of receipts for materials that range from gun cleaning tools to car oil and alcoholic beverages. Can we claim all these items as deductions and if so how/where? Same thing goes for our payements towards models, music rights, and voice over artist.

Thanks for any help!



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