Report on determination-capacity of the Territory of Guam to raise capital funds by issuance of general obligation bonds or allied types of debt instruments
Types Of Debt
Types of Debt – Finance Advice
Good vs Bad Debt – Personal Finance Advice – as part of the expert series by GeoBeats. Five Reasons You May Have Debt Let me first talk about good debt versus bad debt. Good debt is you’re building assets, or you’re contributing to your income. So, school loans – you’re building your career….
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types of debt question by Midwest Gregg: Can my wife take a 00 capital loss she made to someone for their biz that they ended up closing?
My wife loaned a friend, who was a biz owner, some money last year. That person went out of biz and did not pay my wife back. Since we are filing married filing separate, can she take the $ 1500 capital loss on Schedule D and would that be the right form to use? Under “type” I see “worthless” as a choice and I assume the date acquired would be when the loan was made and the date sold would be when they went out of business.
types of debt best answer:
Answer by Doctor Deth
maybe-check at www.IRS.gov and read the instructions for schedule D, and the 1040 form.
you might also to issue a 1099-C as “forgiven debt” to that person so that person has to claim income for it in order for you to be able to deduct it – you would just put your wife’s name and SS# as the payor
Report on determination-capacity of the Territory of Guam to raise capital funds by issuance of general obligation bonds or allied types of debt instruments
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types of debt
Report on determination-capacity of the Territory of Guam to raise capital funds by issuance of general obligation bonds or allied types of debt instruments
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