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Date: 2009-11-14 21:25:11
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Claiming a Bad Debt on Your Tax Return - Bright Hub

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If someone owes you money, either from a loan or other transaction, and fails to pay you, then you likely have a bad debt. If you make efforts to collect the debt and are still not paid, then usually the bad debt can be written off on your tax return.

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Date: 2017-02-20 16:28:59
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Date: 2015-09-08 10:44:59
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Deducting Nonbusiness and Business Bad Debts

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Bad debts arise because money was lent to a borrower or credit was extended to a customer for the purchase of a product or service, but the recipient was unable to partially or fully repay the liability. The following required factors determine the deductibility of bad debts:

there was a bona fide debtor-creditor relationship

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Date: 2017-02-28 09:52:48
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