My DH is self-employed and worked for the company as a consultant. The loan was taken from his business account, not personal, under his business name (not his real name). Unless your husband was in the business of lending money, it's a non-business bad debt. The loss is entered on Schedule D as a long-term capital loss, subject to the usual limitations on capital loss deductions. It doesn't matter what account the funds came from.Ira
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