Tax Form Question? I invested $25,000 w/an Investment Company...?

Question

to start up a business. They have not forfulled the terms of the contract. What form do i need to file to claim this as lost cash for the tax year or is there a time limit. If someone knows any good attorneys.

Answer 1

You can only claim the loss if the investment is "worthless".

If so, it is a Capital Loss on Schedule D subject to all the same capital loss limitations.