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New Member
posted Oct 5, 2023 8:30:40 PM

Reporting of non business loan by an indvisual

One of the answers to above question in the community states that"A nonbusiness bad debt deduction requires a separate detailed statement attached to your return. The statement must contain: a description of the debt, including the amount and the date it became due; the name of the debtor, and any business or family relationship between you and the debtor; the efforts you made to collect the debt; and why you decided the debt was worthless.

 

My concern is that when I am transmitting  the return on line, how do I submit that statement alongwith form 8949 .

 

Secondly as I am filing the amendment to my 2021 return, which is already assessed, can I file the amendment on line or by paper only. How do I file amended return electronically.

 

Thanks in advance.

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1 Best answer
Level 15
Oct 6, 2023 12:25:25 AM

there is no way to include the statement you mentioned in an e-filed return. it will have to be mailed with the statement included. follow Turbotax filing instructions include copies of W-2's and any other form with withholding. 

 

with Turbotax a 2021 return can only be mailed. 

1 Replies
Level 15
Oct 6, 2023 12:25:25 AM

there is no way to include the statement you mentioned in an e-filed return. it will have to be mailed with the statement included. follow Turbotax filing instructions include copies of W-2's and any other form with withholding. 

 

with Turbotax a 2021 return can only be mailed.