turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I invested in a failed Kickstarter project. Where do I enter those losses?

Investment of a significant amount was in early 2023. The stated "delivery" was April 2023...then delayed. Now it appears there will not be a realization of the product as promised. 

The Kickstarter project has for all practical purposes gone dormant since November 2023. Facebook page as well has not been updated or posted to by principals of the project in several months.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
AmyC
Expert Alumni

I invested in a failed Kickstarter project. Where do I enter those losses?

Kickstarter expects you to reach out to the creator. It may be delayed or failed. You may be able to get funds from the creator or you may need to sue. Claiming a loss isn't easy. You would need to abandon your interest. See Losses (Homes, Stocks, Other Property) to verify that you qualify.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question