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Investors & landlords
Yes, since this was strictly equity, you can write off the investment loss as a capital loss subject to the $3000 per year capital loss limitation. Be sure to have detailed documentation on hand if the IRS has questions about the loss.
Please refer to this Turbo Tax link for more details including on how to claim the loss in your Turbo Tax program.
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‎January 3, 2022
7:29 PM