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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

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>	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