jgeorge2
New Member

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.