Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.1 6/24/83; site denelcor.UUCP Path: utzoo!linus!decvax!harpo!seismo!hao!denelcor!neal From: neal@denelcor.UUCP (Neal Weidenhofer) Newsgroups: net.taxes Subject: Re: Question about a investment loss. Message-ID: <330@denelcor.UUCP> Date: Thu, 9-Feb-84 20:29:07 EST Article-I.D.: denelcor.330 Posted: Thu Feb 9 20:29:07 1984 Date-Received: Sat, 11-Feb-84 05:58:40 EST References: <433@inuxd.UUCP> Organization: Denelcor, Aurora, CO Lines: 22 ************************************************************************** > I would like to know if anyone knows where to file an >investment loss using the 1040 federal tax form. For alI know it >might not even be possible. >I'm not sure what the investment was. From what I can tell it was either >an investment in Gems, the goverment oil lease program or something like >that. The company went >out of business and the guy lost a small investment. He asked if I could find >a way to write the loss of in taxes. This is all the information I have to >go on. If anyone can give some possible ways to write off the loss I would >appreciate the information. Thanks in advance. Most investments (and in particular this one from the sounds of it) involve buying something with the intention of selling it later for a profit. The profit or loss in these cases is called capital gain or loss and is reported on Schedule "D". Regards, Neal Weidenhofer Denelcor, Inc.!denelcor!neal