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Old 03-09-2009, 03:04 PM
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Join Date: Mar 2009
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Loans to LLC

I am the managing member of my LLC, which I have closed (my husband is the only other member). However, I made substantial personal loans to the LLC, which cannot be repaid - the business was not sold, it was just closed. Is there anyway that I can write off the loans as bad debt on my personal return?

Thank you.

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