Is there any time where a corporation can deduct losses incurred from an early sale of an investment...

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Is there any time where a corporation can deduct losses incurred from an early sale of an investment against first previously earned interest income onthat investment and then record only the remaining amount of loss to the "loss on sale of investment account".

David · Accepted Answer

When any interest is earned on Investment it is accounted for as Income. Afterwards even if the 
Investment is prematurely sold for a loss the Income received on it cannot be reversed. So the complete 
loss needs to be accounted for in loss on sale of investment account.

Is there any time where a corporation can deduct losses incurred from an early sale of an investment against first previously earned interest income onthat investment and then record only the...

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