Write off S Corp debt on personal taxes

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12-06-2010, 02:30 AM

dclark

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Join Date: Dec 2010

Posts: 1

Write off S Corp debt on personal taxes

I am a 1/3rd owner in a S Corp. We are spliting up and one partner wants to retain 100% ownership for the name. We have debt that we have talked about spliting 3 ways which will turn into personal debt for me. Can I write this debt off on my taxes.

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