Recent content by tapewoman

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    How to declare loss on unsecured notes

    No I haven't yet. But if I receive advice outside of this forum I'll be sure to post it and would appreciate you doing the same.
  2. T

    How to declare loss on unsecured notes

    I hold uncollateralized notes in ABFS which declared Chapter 7 in 2005 (changed from original Chapter 11). The trustee opines that assets left for unsecured creditors will be 'de minimus' but expects final resolution to take approx. 2 years. Can I declare a total loss on my 2005 tax return, or...
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