bad debt write off

Forum|Forum|5 years ago
May 2, 2021
1 reply
70 views

How do I write off a bad debt in turbo tax. I am looking for the process to enter the form.

TurboTax Home & Biz Windows

SweetieJean

Alumni - Champ

Exactly what type of bad debt, and was it personal or business?

Duke2

Level 2

Business, A client owes me for unpaid invoices.

AmyC

Level 15

If you are a cash basis taxpayer, you don' t. If you are accrual based taxpayer that claimed the income 2 years ago, then you would take it back off provided you can prove your collection efforts.

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bad debt write off

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