My husband loaned the company he was employed by moneyto keep the business going. They reduced the debt by 1/3. Then 2009 hit and in 2010 the company went into receivership and was purchased by another company. The new company did not assume any debt of the old company it purchased. Can we take a deduction on Schedule A, line 21? We can't take it on Schedule D as a short term loss because it was a business loan. Thanks, Joyce