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Home | November 2014News | If loan to friend or family goes bad, you may take a tax deduction

If loan to friend or family goes bad, you may take a tax deduction
If loan to friend or family goes bad, you may take a tax deduction
November 22, 2014
When friends or family borrow from you and then default, the IRS allows a bad debt tax deduction -- if you documented the loan and file the right forms
View more at: http://www.creditcards.com/credit-card-news/loan-bad-debt-deduction-friends-family-1282.php?aid=2741cce8&rss_lnk=25