Bad Loan to Customer
Amount loaned
Can You Write Off Bad Loan to Customer?
Short answer: Bad Loan to Customer — Bad Debt & Losses
Non-business bad debt from loan to customer (short-term capital loss).
Records to keep: Keep receipts and document business use. Deductible if ordinary and necessary for your trade or business.
BW-B11-10233
low risk
Bad Loan to Customer
Amount loaned
All Industries
Other Expenses
Bad Debt & Losses
Bad Loan to Customer — Bad Debt & Losses
BizWriteOffs provides educational information only and is not tax, legal, or accounting advice. Deductibility depends on your specific facts and records. Consult a qualified tax professional.
Business justification
Non-business bad debt from loan to customer (short-term capital loss).
Category
- Bad Debt & Losses
bad debt & losses
bad debt losses
bad loan to customer