how do I claim a loss on an investment in a film!

Question

I invested in a film back in 2008 that never showed a profit. I received one k-1 in 2009 with a small return and used Form 8582 to report it, but have not received one since and have not been able to track down anyone related to the film.

I would like to write-off the remainder of my investment here in 2024. How do I claim that and what forms are needed?

Thanks!

KeriC · Answer

The menu path to report the remaining loss in your investment is: Income > Investments and Savings > "+ Add An Investment" > Other Sales. If you have additional questions as you work through the entry screens, you are welcome to contact our customer support team from within your account for assistance.