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?
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.
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?
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.
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