This questions starts with "How to" but I will accept any answer as "if I should or not".
My question is related to a business that I have been running this year. I have not been very successful at it, and I have loss the money I have invested in it. I had no income from this business. So my question is, if I am able to deduct this loss on my personal income tax. Trying to apply the same logic of realized loss on the stock market.
Is this possible?