How do I claim the loss for an investment in a limited partnership that has gone bankrupt?
I have a new client who invested in a limited partnership in 2006. For the last few years of returns that I have copies of, the T5013's have all been losses. Now the company has gone bankrupt, and she would like to be able to claim her initial investment as a loss. It is a limited partnership, not a Canadian private corporation. Does it still count as an ABIL? Or is there a form to enter her initial investment as the loss amount?