DianeC958
Expert Alumni

Get your taxes done using TurboTax

To report the information for a non-business bad debt it is similar to reporting a sell of stock.

 

When it asks if you received a 1099-B the answer is no.

 

The type of investment is Other

 

How did you receive this investment?

Purchase

 

Description

Non-Business Bad Debt

 

Date Sold or Disposed 

A date in 2019 that you decided the debt was worthless

 

Proceeds

$0

 

Cost or other Basis

The amount of the Loan

 

Link with more information on How to Report Non-Business Bad Debt

 

 

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