Can I write off my losses from FundersClub investments?
Generally, investors can offset capital gains with capital losses write off losses on investments made in startups and/or venture capital funds. If the amount of losses exceeds the amount of gains, the IRS allows up to $3,000 per year in net losses to be used to reduce taxable income. Losses beyond that yearly limit can be carried-forward for use in future years to offset capital gains or up to $3,000 in taxable income.
Please note: This is for informational purposes only. Do not take this as tax advice. Please check with your tax advisor.