topic We had a C Corp business that we loaned personal money to during the year. We recently filed bankruptcy for the company and how can we deduct the personal loans we made ? in Business & farm

We had a C Corp business that we loaned personal money to during the year. We recently filed bankruptcy for the company and how can we deduct the personal loans we made ?

telygrem — Thu, 06 Jun 2019 13:49:22 GMT

You'll deal with that on your personal taxes, when you g...

Carl — Thu, 06 Jun 2019 13:49:24 GMT

You'll deal with that on your personal taxes, when you get to that point in the program, under the Deductions & Credits tab in the Casualty and Thefts section.

https://www.schneiderdowns.com/our-thoughts-on/tax/bad-debt-deduction-for-shareholder-loan-to-corporation">https://www.schneiderdowns.com/our-thoughts-on/tax/bad-debt-deduction-for-shareholder-loan-to-corporation</a>