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Can I deduct my small claim court judgment of $10,000 from a loan that it can't be collected from debtor?
I won the court case but the debtor hasn't paid anything of the $10,000. I have made expenses with lawyer and investigator for collecting my money: bank levy, wage garnishment, or a real estate lien. Nothing. He is hiding.
I would like to know if I can deduct that money that I lend him for his business and it has been not paid. Or the expenses for the lawyer and investigator.
The court sentence is dated January 17, 2018.
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‎June 3, 2019
5:37 PM