>Don't expect the borrower to declare anything on their tax return.
While I don't care for the sake of my own tax return, I am still curious
1) if they are required to report the shortfall of payment as income to themselves given that they are contractually off the hook due to the no-dependency clause?
and 2) if the answer to #1 is affected by whether I choose to take my non-business bad debt writeoff?
