: (Hypothetical) Write off Loss of Cash due to bankruptcy of financial institution In both Canada and the United States, how do we write off the loss due to bankruptcy of the financial institution in excess of deposit insurance

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(Hypothetical) Write off Loss of Cash due to bankruptcy of financial institution
In both Canada and the United States, how do we write off the loss due to bankruptcy of the financial institution in excess of deposit insurance on the tax return for the tax year when the bankruptcy occurred?

Is it a capital loss? Or is it some other kind of loss?

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