On my business taxes, can I write off the buy out of my old partner?

Last year I got rid of a partner in my company. We have an S-Corp. I bought him out by giving him some equipment (that was written off the prior year as a purchase for the company). Can I wrtie off the loss of this equipment on my business taxes? I no longer have it but am still paying for it.

No. Your buyout of the other shareholder is an equity investment in the company.

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