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K1
I invested in a Scorp in 2008, right after we had the economic crisis and the business all but failed. The company fails to provide updates regarding its current operating status and unreliability provides a K1 form for tax filing. The company is essentially unreachable when we try to contact them. All K1's have indicated a small loss for each year.
How can i claim a total loss on the investment or write it off?
‎April 10, 2020
3:46 PM