Topic no. 453, Bad debt deduction | Internal Revenue Service
https://www.irs.gov/taxtopics/tc453
WEBJan 30, 2024 · Generally, to deduct a bad debt, you must have previously included the amount in your income or loaned out your cash. If you're a cash method taxpayer (most individuals are), you generally can't take a bad debt deduction for unpaid salaries, wages, rents, fees, interests, dividends, and similar items of taxable income.
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