Money you can't collect. Businesses are allowed to deduct' Bad debts' under certain circumstances. If a bad debt is personal, it may be deducted in some cases as a short-term capital loss. Loans between family members generally are classified as nonbusiness.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). bad debts. Retrieved September 20, 2026, from http://smartdefine.org/bad_debts/definitions/1148261 |
| Chicago | Barry Goldsmith. 2010. "bad debts" http://smartdefine.org/bad_debts/definitions/1148261 (accessed September 20, 2026). |
| Harvard | Barry Goldsmith 2010, bad debts, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/bad_debts/definitions/1148261>. |
| MLA | Barry Goldsmith. "bad debts" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/bad_debts/definitions/1148261> |