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Level 2
March 17, 2021
Question

Bad Investment

  • March 17, 2021
  • 2 replies
  • 23 views

We invested in a documentary movie venture that did not work out.  How do I enter this into Turbo tax to take the loss.  Thanks

    2 replies

    Alumni - Champ
    March 17, 2021

    Who exactly are "we"?  You and your spouse?  You and a business partner?  You might need to file a Partnership tax return.

    b2speedyAuthor
    Level 2
    March 17, 2021

    My wife and I, along with several of our friends invested in this.  It was invested into a LLC.