Yes, you may be able to claim a non-business bad debt for the loss of your money.
The
easiest way to find this section of TurboTax is to use the
Search box at the
top right side of the TurboTax header. Click on the magnifying glass, type in
"
bad debt, non-business", hit Enter, and click on
"
jump to bad debt, non-business" to go directly to beginning of this topic.
- In response to "Did you
Sell Any Investments in 20XX" select yes.
- On the next page for
"Did you get a 1099-B..." say "No"
- On the next page select
"Uncollectible Debt"
- The next page will show the
data you need to enter for the debt.
For more information, see IRS
Pub 17
Nonbusiness
Bad Debts
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
