- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Bad loan to family member
I gave a 60k loan to my ex spouse and she has just declared bankruptcy and entered debt consolidation and cannot pay it back. The loan was a personal check/cash with the word Loan in the comment area. We also both signed and dated a promissory note tracking all payments made and current balance. I read other posts and it looks like I can deduct as bad debt and can I do this using TurboTax? Do I include the promissory note somehow?
‎November 16, 2022
10:26 AM