BTI
New Member

Retirement tax questions

I have a question concerning bad debts write-offs. I had a small claims judgement for expenses incurred and not reimbursed against a corporation. I just found out that the claim will be non-collectible as the corporation filed as closed a few months ago, and the owner has left the Country. The judgement was for costs of the suite and personal financial losses. Can this be claimed as a bad debt write-off?