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Bad investment that is lost

My husband and I invested $32,000 for a share in a business and then the individual never gave any paperwork for the investment.  The only thing I have is the cashiers check I provided that stated in the memo business investment.  Is there a way I can write off this bad debt that I am paying taxes on but have no stake in the business that we were supposedly investing in?
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1 Reply
RichardK
New Member

Bad investment that is lost

You report your unsuccessful business investment as a capital loss, click here for instructions on entering in Turbotax.

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