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Reload this Page Unrecoverable loan

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Old 01-31-2009, 05:05 PM
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Unrecoverable loan

What is the name of your state (only U.S. law)? Minnesota

I have an ex-girlfriend who I loaned ~$800 to while we were together. This loan is unrecoverable (she refuses to pay it back). I don't have any documentation stating that this was a loan, but I do have documentation that a financial transfer took place. I'm not going to bother suing her for it.

My question is: Is there anything I can do (legally, of course) that would require her to report this as a gift to the IRS?
  #2  
Old 01-31-2009, 05:16 PM
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If you are not going to sue and get a judgment, you won't be able to coerce her into payment.
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Originally Posted by jdslilangel View Post
Just leave it as is and stop making yourselves sound real stupid about the sisutation at hand. Further more I don't need to know how to spell corcetly on here. I know how to spell perfectly fine. I did graduate high school and never once had any problems with my grammer.
  #3  
Old 01-31-2009, 05:25 PM
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I'm not trying to coerce her into payment. I'm just trying to be a pain in the ass.

If I report that money to the IRS as a gift, would she be required to pay any tax?
  #4  
Old 01-31-2009, 05:44 PM
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No. Gifts are tax free.
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