Welcome back! Ask questions, get answers, and join our large community of tax professionals.
  • Products
  • Workflow Tools
  • Learn & Support
  • Sign In
  • Products
  • Workflow Tools
  • Contact Us
  • Sign In
  • Learn & Support
    • cancel
    Turn on suggestions
    Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
    Showing results for 
    Search instead for 
    Did you mean: 

    A partner loans cash to partnership. Bankruptcy follows years later. Business or nonbusiness bad debt?

    cpataxoffice
    Level 1
    ‎12-07-2019 09:58 AM
     
    0 Cheers

    This discussion has been locked. No new contributions can be made. You may start a new discussion here

    1 Solution

    Accepted Solutions
    sjrcpa
    Level 15
    ‎12-07-2019 09:58 AM

    Probably nonbusiness


    Ex-AllStar

    View solution in original post

    0 Cheers
    2 Comments 2
    George4Tacks
    Level 15
    ‎12-07-2019 09:58 AM
    Is the partner that loaned the money in the business of loaning money?

    Here's wishing you many Happy Returns
    0 Cheers
    sjrcpa
    Level 15
    ‎12-07-2019 09:58 AM

    Probably nonbusiness


    Ex-AllStar
    0 Cheers
    Intuit Lacerte Tax
    Intuit ProConnect Tax
    Intuit ProSeries Tax
    Additional Accounting Solutions
    Tax Pro Center
    Tax Practice Resources
    Call sales: 844-877-9422
    Sitemap

    ©1997-2024 Intuit, Inc. All rights reserved.

    Intuit, QuickBooks, QB, TurboTax, and Mint are registered trademarks of Intuit, Inc. Terms and conditions, features, support, pricing and service options subject to change without notice.

    By accessing and using this page you agree to the Terms and Conditions.

    About Cookies | Manage Cookies
    Legal Privacy Security