Investment loss

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  • mrbill
    Member
    • Feb 2009
    • 80
    #1

    Investment loss

    Client loaned son $40,000 in 2010 as funding for an investment business. Proper documents were executed and 1% interest was paid in 2013. Business had no activity in 2014, and no future activity is planned, however business is not dissolved. Can I take a capital loss ($3K p/year) for 2014 ? I think not, but I need an expert opinion. Thanks,
    Tags: None
    • ATSMAN
      Senior Member
      • Jul 2013
      • 2415
      #2
      family members (father - son) no deduction for investment loss!
      Taxes after all are the dues that we pay for the privileges of membership in an organized society. - FDR

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        • TAX4US
          Senior Member
          • Mar 2010
          • 551
          #3
          If collection efforts are put forth could this be a possible bad debt write off?

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