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Hi from just answer. I'm PDtax.
Business bad debt deductions could be available for these loans. That gets you ordinary loss treatment for the loan write offs. The partnerships might have debt forgiveness income, which would be shared among the partners, offsetting prior year losses recognized at that level.
There are specific requirements for the loans to qualify.
I can assist in outlining the requirements, and in suggesting how to add additional support if it is lacking. That will take some time, which I can offer through our Offer of Additional Service.
Accept, and we can work together to best present your transactions for maximum tax benefit.