BobKamman
Level 15
11-12-2020
03:45 PM
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"Business" is too vague if you want a real answer. Go to Pub 537, it has lots of information. Was it real estate, personal property, intangibles, inventory? And he hasn't yet filed a 2019 return? If repossession is possible, just file the 6252 showing zero payments received during year.