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where on the 1040A do you list uncollectable debt, or bad debt?

where do I enter for a bad debt deduction
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2 Replies

where on the 1040A do you list uncollectable debt, or bad debt?

First of all you need to upgrade to Premium to enter it.  

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

 

 

rjs
Level 15
Level 15

where on the 1040A do you list uncollectable debt, or bad 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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