What tax deductions can I take when I put money into my family business in the Phillipines but I live in the U?

My family lives in the Phillipines and last year I gave them ,000 USD to start up their farm. I live in the US and provided the above financial suppo...


My family lives in the Phillipines and last year I gave them ,000 USD to start up their farm. I live in the US and provided the above financial support and advice to my family. Since they started the business in 2008, there is a net loss but how can I claim the ,000 on my tax return when there is no tax ID for this business?

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One Response to “What tax deductions can I take when I put money into my family business in the Phillipines but I live in the U?”

  1. realchineseprincess says:
    February 23, 2010 at 6:57 pm

    you can’t. sorry.

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