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Level 3
posted Mar 27, 2023 8:16:44 PM

Where to claim bad investment write-off?

I have some investments on notes issued by an online platform. One of the notes got defaulted, and the underlying borrower went bankrupt. The platform sent email to investors, saying they decided to write down 100% of the note value, because they don't think there would be any recovery value of the note.

In this case, can I claim this as capital loss? However, the online platform didn't send 1099-B for this defaulted note, how should I claim it in TT?

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2 Replies
Expert Alumni
Mar 27, 2023 8:29:18 PM

 

Answer was for a different post!

 

EDITED 3/28/2023|10:01 AM PST

 

@miernikcx 

Level 3
Mar 27, 2023 8:38:23 PM

Sorry, I am confused. 1095-B health coverage seems has nothing to do with my question.

I assume you replied to the wrong thread?