Question
Rosa Lopez, one of Alejandras best stylists, left town in March 2020 to get away from a troublesome ex-husband. In order to help Rosa establish
Rosa Lopez, one of Alejandras best stylists, left town in March 2020 to get away from a troublesome ex-husband. In order to help Rosa establish a business else-where, Alejandra loaned her $7,000. Rosa signed a note dated March 3, 2020, that was payable in one year with 4% interest. On December 30, 2021, Alejandra learned that Rosa had been declared bankrupt and was awaiting trial on felony theft charges. Alejandra never received any payments from Rosa, nor did she expect to ever receive payments in the future.
Regarding the information above would this be reported in a form 8949 under section C-Short-term transactions not reported to you on Form 1099-B?
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