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

    Jan 3, 2013, 05:45 AM
    Can you claim a loss on overseas investment
    I opened a business in South America and shut it down. Can I claim my losses on my US tax return?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    Jan 3, 2013, 06:35 AM
    Yes, if you are filing as a U.S. citizen/resident and filing Form 1040.

    If you must claim all world-wide income, the converse of claiming all world-wide losses also applies.
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