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

    cpataxoffice
    Level 1
    ‎12-07-2019 09:58 AM
     
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    1 Best Answer

    Accepted Solutions
    sjrcpa
    Level 15
    ‎12-07-2019 09:58 AM

    Probably nonbusiness

    The more I know, the more I don't know.

    View solution in original post

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    2 Comments 2
    George4Tacks
    Level 15
    ‎12-07-2019 09:58 AM
    Is the partner that loaned the money in the business of loaning money?

    Answers are easy. Questions are hard!
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    sjrcpa
    Level 15
    ‎12-07-2019 09:58 AM

    Probably nonbusiness

    The more I know, the more I don't know.
    0 Cheers






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