- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
You are on a cash basis and therefore, the loss of rent due a tenant leaving without paying cannot be deducted on your return.
The following are examples of business bad debts (if previously included in income):
- Loans to clients, suppliers, distributors, and employees,
- Credit sales to customers, or
- Business loan guarantees.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎February 24, 2020
3:50 PM