Thanks for responding.
Not at all. There are still several assets that have basis.
As you would expect, after zeroing out asset(s) there was less than the total remaining balance of the asset with the least remaining balance of debt remaining. I don't see any way to input that without it looking like a sale. I ended up zeroing out that asset then entering the remaining balance like a new asset with the remaining balance. Do you know another way to handle this?
As for how I treat it on my personal return, this was a personal loan so I don't see any way I can take anything. Do you have a cite for me being able to do so?
