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Re: belaire golf resort and spa

[Q=bens89] Does anyone know how this loss can be shown at tax time on a 1040? Maybe at least we could get some relief that way. Is there a legal way to show the loss?[/Q] Hi, First of all there is. I will have more information when the tax form is completed. Two comments: I posted several years ago that my neighbor was in management at the IRS - just retired and his comment at the time for us to claim a loss was to win the court case. That completed, I met with my CPA last week on a preliminary 2015 tax meeting. The Red Week postings of the lawyers statements of winning, the non appeal and the comments of other class action individuals of what is happening with the Belaire property was enough to start the deduction process on the actual cost basis of the property. Personally, I felt for awhile this was the best we could do. Good Luck ! ken