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A partner loans cash to partnership. Bankruptcy follows years later. Business or nonbusiness bad debt?

cpataxoffice

Level 2

Forum|Forum|6 years ago

December 7, 2019

Solved

A partner loans cash to partnership. Bankruptcy follows years later. Business or nonbusiness bad debt?

Forum|Forum|6 years ago
December 7, 2019
2 replies
39 views

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Best answer by sjrcpa

Probably nonbusiness

2 replies

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George4Tacks

Level 15

Forum|Forum|6 years ago

December 7, 2019

Is the partner that loaned the money in the business of loaning money?

Answers are easy. Questions are hard!

sjrcpaAnswer

Level 15

Forum|Forum|6 years ago

December 7, 2019

Probably nonbusiness

The more I know the more I don’t know.

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