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June 6, 2019
Question

Need to report loss on non repayment on promissory note. Where do I report this?

  • June 6, 2019
  • 5 replies
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5 replies

poolepassAuthor
June 6, 2019
Personal.
Employee
June 6, 2019
Was this a personal note or business note?
poolepassAuthor
June 6, 2019
WE have done this before.  It's a legal document. You can deduct family non repayment?
poolepassAuthor
June 6, 2019
This was money loaned to our renter in house we sold so she could buy the house we sold to her.
Employee
June 6, 2019

You do not report the loss on your tax return.  Personal losses are not deductible.