Can I issue a 1099 for a bad debt

NoMoRentals Posts: 1, Reputation: 1

New Member

Mar 26, 2013, 09:33 PM

Can I issue a 1099 for a bad debt

I sold someone a house on a contract for deed basis, and they neglected the house to the point of the city demolishing the property. Does issuing a 1099 to the "buyer" make more sense or just taking the loss on my return?

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