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telygrem
New Member

We had a C Corp business that we loaned personal money to during the year. We recently filed bankruptcy for the company and how can we deduct the personal loans we made ?

 
2 Replies
Carl
Level 15

We had a C Corp business that we loaned personal money to during the year. We recently filed bankruptcy for the company and how can we deduct the personal loans we made ?

You'll deal with that on  your personal taxes, when you get to that point in the program, under the Deductions & Credits tab in the Casualty and Thefts section.

SweetieJean
Level 15

We had a C Corp business that we loaned personal money to during the year. We recently filed bankruptcy for the company and how can we deduct the personal loans we made ?

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