Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10 5/3/83; site rayssd.UUCP Path: utzoo!watmath!clyde!burl!ulysses!gamma!exodus!mhtsa!mh3bs!eagle!allegra!rayssd!sdl From: sdl@rayssd.UUCP Newsgroups: net.taxes Subject: Re: Question about a investment loss. Message-ID: <384@rayssd.UUCP> Date: Sun, 5-Feb-84 15:07:56 EST Article-I.D.: rayssd.384 Posted: Sun Feb 5 15:07:56 1984 Date-Received: Wed, 8-Feb-84 09:55:25 EST References: <433@inuxd.UUCP> Organization: Raytheon Co., Portsmouth RI Lines: 15 Try Schedule D (Capital Gains/Losses), of course. That's the usual way to report investment losses. If the company went out of business less than a year after he made his investment in it, it's a short term loss, fully deductible at earned income rates. More than a year, it's a long-term capital loss, for which only 40% of the loss is deductible. If the investor incurred any investment expenses in making the investment (like he paid a broker or lawyer), add this to the amount of the origiinal investment to increase the size of the total loss reported.