- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
Yes, this is a non-business bad debt, assuming you can prove this was a legitimate loan and not something handled as a family thing (it sounds like you have a written contract.)
You don't need to issue a 1099-C unless you are in the business of lending, so we don't need to consider whether the non-deficiency affects the issuance of a 1099-C.
March 19, 2024
10:52 AM