Solved: I worked as an independent consultant. The company I worked for went bankrupt and owed me $9000.00 in uncollected debt. Can I write the off? How?
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I worked as an independent consultant. The company I worked for went bankrupt and owed me $9000.00 in uncollected debt. Can I write the off? How?

 
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Level 15

I worked as an independent consultant. The company I worked for went bankrupt and owed me $9000.00 in uncollected debt. Can I write the off? How?

No.

But, since you don't have to report it as income, you sort of get a deduction. And you can still deduct any expenses you had while doing the work. 

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Level 15

I worked as an independent consultant. The company I worked for went bankrupt and owed me $9000.00 in uncollected debt. Can I write the off? How?

No.

But, since you don't have to report it as income, you sort of get a deduction. And you can still deduct any expenses you had while doing the work. 

View solution in original post

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