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Get your taxes done using TurboTax
Actually, turbotax will add the statement for you if you enter the bad debt in the correct location. This is not new as I have used it in years past. Just click Federal Taxes button, then "Deductions and Credits" and scroll down to "Other Deductions and Credits" and you will find "Nonbusiness Bad Debt". When you answer the questions, Turbo tax will make the appropriate entries, including the required attachment.
‎February 17, 2022
11:30 AM