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Royal Indian Raj / Tax write-off

1 United States Review updated:

Can I do a tax write off for the investment losses I had in Royal Indian Raj corporation? Will it get complicated since the property was in India? Since the investment was made in US dollars and the company is based in Nevada, i think it should be feasible?

OR should the invesment be first declared as a ponzi scheme before we can do a tax write-off?

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Comments

  • Bi
      5th of Mar, 2010
    0 Votes

    best thing to do is check with your accountant

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