kpankpow
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Understood on Q1. For Q2 - New York
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A follow-up on this. It appears I need to include a "Bad Debt Statement" explaining the details, attached to my return. Questions -1. Is that correct, and if so...
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Thank you!!
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Following up on this. Any additional insight would be appreciated
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Thanks for the response. I dug into it more, and found that in IRS Publication 550 there's a section for "insolvency of contractor" and it states that it can be...
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- Posted Re: Contractor Bankruptcy - Deduct as Nonbusiness Bad Debt on Deductions & credits. March 24, 2025 4:18 PM
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- Posted Re: Contractor Bankruptcy - Deduct as Nonbusiness Bad Debt on Deductions & credits. March 9, 2025 11:13 AM
- Posted Re: Contractor Bankruptcy - Deduct as Nonbusiness Bad Debt on Deductions & credits. March 5, 2025 5:22 PM
- Posted Contractor Bankruptcy - Deduct as Nonbusiness Bad Debt on Deductions & credits. March 4, 2025 1:27 PM
- Posted Re: Non business bad debt? for losses from contractor that abandoned home renovation project and ... on Deductions & credits. March 4, 2025 11:20 AM