That doesn't go on your return. You can't write it off or deduct it. Did you get a court order? You might be able to deduct a bad debt. My old notes say....
Enter a Bad Debt under
Federal Taxes (or Personal for H&Bversion)
Wages and Income (or Personal Income for H&B)
Choose I'll choose what I work on
Then scroll down to Investment Income
Then Stocks, Mutual Funds, Bonds, Other - Click Start or Update
Then Stocks, Mutual Funds, Bonds, Other - Click Start or Update
If you see a screen that says….Did you have any of these Investment Sales say YES
If you have a screen showing your Investment Sales Summary - click on + Add More Sales
Next screen should ask Did you get a 1099B - say No
Next screen is Choose the type of investment you sold - Pick the Second One
Uncollectible Debt
You can only deduct up to 3,000 (1,500 MFS) loss per year after any gains you have. The rest you will have to carryover until it is used up.
