Dianne, thanks for the information but I think I did not explain this well. This should have been an installment payment plan but I never received payments so I never claimed this on my taxes. I finally got fed up with waiting on the money so I gave my brother-in-law an ultimatum to pay up or I would file for foreclosure. When I did this he owed me well over $14000 for a loan of $7500. I am not heartless so I told him we would call it even if he pid me $7000. He did that and now I need to know how to claim this. Since payments did not go as scheduled and he paid me back less than I loaned him I am thinking that it would be no different than if I lent him $100 and he only had $70 so I accepted this as satisfaction on the $100. I may be way off on this but I am still not understanding on how to claim this. If the amount were not so much I would not even think about even claiming it, Thanks for the help.
