>>I have a TP that had intially invested $11K in 2005, it grew over 2 years, then in 2008 it went down to around 10K, losing about 1K from his intial investment. Now TP wants to amend his tax return to reflect a loss on investment, since this is not stocks, I would use Sch A to report the loss?<<
Are you saying he cashed in the annuity in 2009?
taxbilly