How to Get a Tax Deduction Due to Bad Debt

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When filing your taxes each year, the IRS allows you a deduction for bad debt. Now, this doesn’t mean your bad debt; it means debt owed to you. Perhaps you made a loan to a colleague to help her start her small business, but then she had to file for bankruptcy.

from Pocket http://money.howstuffworks.com/personal-finance/personal-income-taxes/how-to-get-tax-deduction-for-bad-debt.htm
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