TaxGuyBill
Level 15
07-26-2021
06:48 PM
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That's nothing new; that sounds like a non-business Bad Debt.
https://www.irs.gov/publications/p550#en_US_2020_publink100010564
https://www.irs.gov/taxtopics/tc453
https://www.law.cornell.edu/uscode/text/26/166