The turbo tax premier does not have an area where to enter bad debt non-business. I tried everything, but the category is not available

[VolvoGirl]

Did you  look here?  Enter a Bad Debt under
Federal Taxes (or Personal for Home & Business)
Wages and Income
Then scroll down to Investment Income
Then Stocks, Mutual Funds, Bonds, Other - Click Start or Update

If you see a screen that says….Did you have any of these Investment Sales say YES
If you have a screen showing your Investment Sales Summary - click on + Add More Sales
Next screen should ask Did you get a 1099B - Say NO
Next screen is Choose the type of investment you sold - Pick the Second One Uncollectable Debt

[VolvoGirl]

Well I don't see Uncollectable Debt either.  Guess you have to pick OTHER

[jorge37]

If I select the “Other” it does not allow me to get the deduction 

[jorge37]

Yes. I did. But it does not let me get the deduction. I think the system was not updated correctly. How do I get TurboTax to fix it?

[VolvoGirl]

And you filled in all the rest of the boxes?  Maybe you have a lot of other gains that used it up?

If you have investment sale losses, after you subtract the losses from your gains you can only deduct up to 3,000 per year. You can only deduct up to 3,000 (1,500 MFS) loss per year after any gains you have.  So if you have a lot of current gains you can use up the loss.  The rest you will have to carryover until it is used up.

[DoninGA]

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@jorge37 wrote:

Yes. I did. But it does not let me get the deduction. I think the system was not updated correctly. How do I get TurboTax to fix it?

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Looks like the entry for a Nonbusiness Bad Debt was not included in the online editions.  Probable bug.  Will report this to the TurboTax Moderators.

It is included in the desktop editions.

[VolvoGirl]

I reported it.