Can I deduct a bad loan?

ghbunch29 · ‎February 3, 2020

JohnW222 · ‎February 4, 2020

I believe you're asking whether you can claim a bad debt for a loan that you've made. If that's the question, then the answer is yes.

Please see the TurboTax Help article “How to Report Non-Business Bad Debt on a Tax Return” for guidance and more information.

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JohnW222 · ‎February 4, 2020

I believe you're asking whether you can claim a bad debt for a loan that you've made. If that's the question, then the answer is yes.

Please see the TurboTax Help article “How to Report Non-Business Bad Debt on a Tax Return” for guidance and more information.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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