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Get your taxes done using TurboTax
Cool, thank you! I sucks that one can not file electronically when bad debt is reported. It's been easily a decade since I have filed by paper so maybe it is time to renew that skill 🙂
The $3k limit and the need to carry over for future years is a good point, I am below that watermark so it doesn't affect me but it could affect others here on the forum so excellent point. A large worthless debt could take years to completely dispose of in the form of batches of $3k write off per year.
Thank you
‎April 13, 2020
2:57 PM