I sent a 1099-C to a troubled company. Where do I claim the loss in Turbo Tax H & B?
I loaned money to a start-up company for its operation. The year after that, the company is in default and cannot pay back the loan. I had to issue the 1099-C. Where can I claim this loss in Turbo Tax Home and Business?
01690
1 Replies
KatrinaB
Intuit Alumni
Jun 1, 2019 8:21:00 AM
Follow the directions in the answer link below to enter this bad debt in TurboTax Home and Business.