Since you loaned money through an app that you do not own, you are very limited in the steps you can take. If you are going to continue to lend money through this app, that would show confidence in possibly getting the money back.
You need to determine what your future actions will be to support any claims on your taxes.Loaning money to a friend is not a deduction. These are not friends.
You must decide if a $500 write off is worth cutting ties to the app or lose the deduction and continue using the app.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
