Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 7 years ago on . Most recent reply

Hypothetical question about losses from bad borrower.
If, hypothetically, I lend $400K unsecured and my borrower disappears off the grid, I will have a huge loss. Is that a loss I would be able to spread over several years for tax purposes?
It's doubtful this will happen, but if the sky falls someday in this what-if scenario, it's good to know what would happen.