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How to report a bad debt
How to Report Non-Business Bad Debt on a Tax Return - TurboTax Tax Tips & Videos
I don’t know if these steps will still work but may get you close. Enter a Bad Debt under
Federal Taxes (or Personal for H&B/Self Employed version)
Wages and Income (or Personal Income for H&B/Self Employed version)
Choose I'll choose what I work on
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
Uncollectible Debt
To enter a nonbusiness bad debt in TurboTax Premium Online go to Personal > Deductions & Credits > Other Deductions and Credits > Nonbusiness Bad Debt.
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