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Subject:  Re: bad debt deduction Date:  2/16/2000  12:39 PM
Author:  pmarti Number:  28844 of 127745

<< I was awarded a financial settlement by a large corporation (my ex employer) that went chapter 11, two years ago. I have never received a dime. Can I take this as a deduction and is it a business or non business bad debt or something else. I have some short and long term capital gains that I would like to cover. >>

No income, no deduction. It's a wash.

Phil Marti
Tax Preparer
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