topic Need to report loss on non repayment on promissory note. Where do I report this? in Get your taxes done using TurboTax

Need to report loss on non repayment on promissory note. Where do I report this?

poolepass — Thu, 06 Jun 2019 08:24:03 GMT

Leonard — Thu, 06 Jun 2019 08:24:04 GMT

Was this a personal note or business note?

poolepass — Thu, 06 Jun 2019 08:24:04 GMT

Personal.

poolepass — Thu, 06 Jun 2019 08:24:06 GMT

WE have done this before. It's a legal document. You can deduct family non repayment?

poolepass — Thu, 06 Jun 2019 08:24:07 GMT

This was money loaned to our renter in house we sold so she could buy the house we sold to her.

Leonard — Thu, 06 Jun 2019 08:24:09 GMT

You do not report the loss on your tax return. Personal losses are not deductible.