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Money and Finances
Reply to "Income tax deductions & credits"
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[quote=Anonymous][quote=Anonymous]Really? You've had contractors and service providers owe you so much money that you were able to deduct bad debts? Do you actually file a Schedule C there? Because that's not something you claim on 1040. Seriously, you're scarily misinformed and are giving factually incorrect information. Just stop. [/quote] Yes, I've really had bad debts -- both business and nonbusiness -- that I've claimed. My accountant agreed they were properly characterized, and I'll be offsetting those losses against gains. Since you don't know anything about my situation, it seems you are the one who's scarily misinformed. [/quote]
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