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-   -   Can I claim these investment loses? (https://www.askmehelpdesk.com/showthread.php?t=682424)

  • Jul 13, 2012, 04:17 PM
    glodat
    Can I claim these investment loses?
    I invested with a financial services company in some trust deed loans. When the market flopped, so did the borrowers. I know one of the (3) loans I was on defaulted, another one put up an out of town property in lieu of backrupcy and the final one negotiated a lowered loan somehow. All said, I'm out of about 50K of my investment(retirement) funds. Can I take a loss on my return when I file my 2012 taxes?
  • Jul 13, 2012, 04:30 PM
    AtlantaTaxExpert
    Sorry, but no.

    The losses incurred on retirement investments are not deductible.

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