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This would not be a K-1, it would be a 1099
And the proper 1099 for bad debt is 1099-C
So, I they should send that to me?
No, if you lent the money you would send it to them.
okay, should I receive a K-1 showing the investment/loan?
No, you will not receive a K-1 for this purpose
You will not receive anything because of this loan
okay, thank you!!
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Kory,You also will not need to file a 1099-C because you are not in the buiness of making a loan.
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