Financial News & Information. » Stock Investments http://loan-er.com/blog Stay up to date on home loan, mortgage and financial news. Wed, 29 Apr 2009 21:21:01 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Is a loss from a personal loan the same tax category as a loss from stock investments? http://loan-er.com/blog/2009/02/is-a-loss-from-a-personal-loan-the-same-tax-category-as-a-loss-from-stock-investments/ http://loan-er.com/blog/2009/02/is-a-loss-from-a-personal-loan-the-same-tax-category-as-a-loss-from-stock-investments/#comments Sun, 15 Feb 2009 10:55:28 +0000 admin http://loan-er.com/blog/2009/02/is-a-loss-from-a-personal-loan-the-same-tax-category-as-a-loss-from-stock-investments/ personal loan
Jan R asked:


I loaned a friend some money several years ago to help start a business, and the business failed and I was not repaid for the loan. I also, the same year, had losses from other investments (in the stock market). My understanding is that I can only deduct $3000 in investment losses for that year. Is the personal loan in the same category as the other investments — in other words, does it count as part of the $3000 limit? Or is there a way I can claim that loss separately? Thanks!

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