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April 9, 2022
Question

Investment loss for failed property investment

  • April 9, 2022
  • 1 reply
  • 0 views

Hi,

For a failed property investment where there were legal fees and interest, how is this filed? I believe the interest would be an expense, and the legal fees a capital loss? Assuming these two assumptions are correct, I am unsure how to file the capital loss.

    1 reply

    Scott OttAuthor
    April 9, 2022

    PS: The transaction never went through - the seller pulled out.