Where do I input a loss on a loan to an individual that cannot be recovered? Using TurboTax Premier 2017.

Cannot find where or how to input the loss on a loan to an individual. Where does it go?

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1 Best answer

Level 15

Jun 4, 2019 4:54:17 PM

To report a loss on a Nonbusiness bad debt, follow the steps below.

Or enter investment sales in the Search box located in the upper right of the program screen. Click on Jump to investment sales

On the next screen, click Yes

On the next screen, click No

On the next screen, choose Uncollectible debt (Nonbusiness Bad Debt) and continue with the section until it completes.

Level 15

Jun 4, 2019 4:54:17 PM

To report a loss on a Nonbusiness bad debt, follow the steps below.

Or enter investment sales in the Search box located in the upper right of the program screen. Click on Jump to investment sales

On the next screen, click Yes

On the next screen, click No

On the next screen, choose Uncollectible debt (Nonbusiness Bad Debt) and continue with the section until it completes.