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Financial Planning / Tax Strategies


Subject:  Re: Collateral taken Date:  9/2/2011  5:10 PM
Author:  ptheland Number:  113895 of 127613

Peter - [y]our link confused me.

Non-business bad debts confuse me, too. That's why I mainly pointed at the relevant IRS publication rather than trying to explain it.

Perhaps it would have been more correct for me to say that the OP has a potential non-business bad debt. There may be facts not yet in evidence that ultimately determine whether the OP will get the deduction or not. But that seems the most likely place to get a tax deduction.

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