Can you send someone a 1099 Miscellaneous Income form for a bad debt for the amount that is owed to you.?
No, you do not issue a 1099-Misc for bad debt. You also do not issue a 1099-C. You simply do not include the money you didn't get as income. A 1099-Misc is not issued for sales. It's for services such as labor or rent.
by Quick Answers - 10 hours ago
People shouldn't use IRS forms for their personal business. If you are loaning a relative some money, you should know how to contact them. You should also know where your local courthouse is located. Especially if you don't loan money as part of your business. I suggest a promissory note. I also believe there is a specific date when they have to be submitted and it's specific people that are the targeted user.
by Weneeke - 10 hours ago
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