Worthless Partnership Interest
Adjusted basis
Can You Write Off Worthless Partnership Interest?
Short answer: Worthless Partnership Interest — Bad Debt & Losses
Write-off of partnership interest that became worthless.
Records to keep: Keep receipts and document business use. Deductible if ordinary and necessary for your trade or business.
BW-B11-10250
low risk
Worthless Partnership Interest
Adjusted basis
All Industries
Other Expenses
Bad Debt & Losses
Worthless Partnership Interest — 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
Write-off of partnership interest that became worthless.
Category
- Bad Debt & Losses
bad debt & losses
bad debt losses
worthless partnership interest