Quote:
Originally Posted by baddog
Yes, it can be written off as a loss, however, I believe there is a limit as to how much you can declare per year. It used to be 8k.
So you could write off 8k this year and 2k next.
You should probably confirm that the amount has not changed.
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Wrong again dumb Ass
You need to go to their bankruptcy hearing and file a claim against them and they will be ordered to pay you a percentage of the debt.