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    banknote's Avatar
    banknote Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 7, 2010, 02:15 PM
    Assets taken by bank tax writeoff
    Bank took a large accounts receivable also property to pay off a note. Can I write of the accounts recievable as a loss since the bank took it?
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    Jan 8, 2010, 09:56 PM

    No, if it is for a personal property.
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