Vanessa A
Expert Alumni

Get your taxes done using TurboTax

Yes, that should be sufficient to decide that your investment is completely worthless. At this point, the question would be when did it become completely worthless?  When did the business cease operations?  When was the CEO sentenced?  If it was not in 2022 that it became completely worthless, then you would need to amend your return for that year to claim the deduction. 

 

 

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