Worthless Investment

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • Donanita
    Senior Member
    • Aug 2005
    • 250

    #1

    Worthless Investment

    Client invested $8000 in a working oil & gas well. Company drilled but only hit salt water.Well was then capped.Can $8000 be deducted on Sch D as worthless investment.
Working...