I have promoted and invested in the foreign company since 2012, we have have invested so far about 150,000. In the year 2017 the local promoter started showing no interest in the company in my last visit I have understood that the company no more exists. How can i deduct or claim these investment amount in turbotax
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You would show it as sold for $0 in the year it became worthless which sounds like 2017.
To enter your Investments sold
Click on Federal Taxes
Click on Wages and Income
Click on I'll choose what I work on
Scroll down to Investments
On Stocks, Bonds, Other, click the start or update button
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