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You could potentially take it as an investment loss for tax purposes. Whether that’s proper depends greatly on the circumstances surrounding how the money was a
by TheNewsIsHere 2y ago
You could potentially take it as an investment loss for tax purposes. Whether that’s proper depends greatly on the circumstances surrounding how the money was accounted for and spent.
- admax88qqq 2y agoThat's not how taxes work. Investing $1 doesn't count as a loss for tax purposes.
- TheNewsIsHere 2y agoI did not claim that investing $1 is a tax loss.