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    Grnrlmbr's Avatar
    Grnrlmbr Posts: 1, Reputation: 1
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    #1

    Apr 10, 2012, 08:35 PM
    Claiming losses on foreign investments
    I am a US citizen and own a company based in another country. Can I claim a loss on US funds invested in this company on my federal tax return?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Apr 23, 2012, 08:29 AM
    If you own the company as a sole proprietorship, you report the losses on Schedule C, along with all income flow.

    If the company is a partnership or corporation of some type, then the losses must be reported on Schedule E Page 2.
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