Solved: Can I write off a worthless note held by an oil and gas LLC, operating at a loss and who announced in writing in 2017 that monies would not be repaid to note holders?

Can I write off a worthless note held by an oil and gas LLC, operating at a loss and who announced in writing in 2017 that monies would not be repaid to note holders?

Note was purchased in 2009 and was to have matured in 2016. The LLC defaulted years ago when it stopped paying interest.

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Yes, if you have written confirmation that the debt is worthless, you should be able to write off the note at a loss.

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Yes, if you have written confirmation that the debt is worthless, you should be able to write off the note at a loss.

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How can I write-off or deduct a worthless C-Corp preferred stock investment made in 2016? A private (not publicly traded) technology venture that is now not operating.

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Can I write off a worthless note held by an oil and gas LLC, operating at a loss and who announced in writing in 2017 that monies would not be repaid to note holders?

Can I write off a worthless note held by an oil and gas LLC, operating at a loss and who announced in writing in 2017 that monies would not be repaid to note holders?

Can I write off a worthless note held by an oil and gas LLC, operating at a loss and who announced in writing in 2017 that monies would not be repaid to note holders?

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Can I write off a worthless note held by an oil and gas LLC, operating at a loss and who announced in writing in 2017 that monies would not be repaid to note holders?

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Can I write off a worthless note held by an oil and gas LLC, operating at a loss and who announced in writing in 2017 that monies would not be repaid to note holders?

Can I write off a worthless note held by an oil and gas LLC, operating at a loss and who announced in writing in 2017 that monies would not be repaid to note holders?

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