Tonita, a clarification question. What version of TT allows "I'll choose what I work on"?
Researching my situation, I'm not sure what IRS Form is involved. I am sole shareholder of a C-corp I opening in 2001. I made a loan from shareholder (personally) to the corp. There is no cashflow to pay the load. I will liquidate in 2023 and take a loss using the 1244 rule. But I want to deduct the bad loan from my personal taxes for 2022. I meet all of the criteria to write off as ordinary income. Not being a sub-S, LLC, sole proprietorship, etc; not sure how to proceed or if TT actually will block this approached. Any ideas?
