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Is there any way to write off funds for a closed business in my taxes without the K-1?
I was forced to pay a bank back for a small business loan, which I signed for personally. The business closed back in 2011. Is there any way to write-off these funds without having a K-1 from the business? If I did this while the business was still open I'd take the loss with a K-1 and feel there should still be a way around this without it.
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‎June 1, 2019
12:03 AM