My partner bought shares in a small business in 2011. She recently learned the corporation was dissolved a few years ago. Is it still possible to claim the loss?
The company was a Canadian operation, but it was registered in Nevada.
The loss has not been included in any of her previous tax returns.
011108
1 Replies
TurboTaxTatsiana1
New Member
Oct 31, 2019 2:47:56 AM
You might be allowed to report a loss as ABIL ( allowable business investment loss)
check out if it fits your situation.
You might have to refile you taxes for the year corporation was dissolved to add the loss there.