My client lost over $4000 in "investicare seniors housing corp mortage interest" - The corp is now dissolved - should I show as capital loss or limited partnership loss?

Answer

Unfortunately I don't think there's enough information here to answer your question.

I don't really know what you mean by "they lost money"...  There's a lot of variables that could mean, each leading to a different solution/recommendation.

Off the cuff, I would suggest doing a little research on an Allowable Business Investment Loss (ABIL).  My gut instinct is that could be what you're thinking about, however there's not enough information provided to say for certain.  Take a look at that in more detail, and hopefully I've pointed you in the right direction.

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