saccotax
Level 1
03-18-2020
10:32 AM
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I have a client who loaned his daughter money to start up her business, he does have legal documentation for the loan and repayment. The business went under and he is losing about 46000 on the loan repayment. How and where can I take the investment loan loss on his taxes.
I could not find anywhere specific to his situation to take the loss.
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