Help please could be hard on family
how to write off loss of investment in a business I had a stone quarry buisness I took out a loan for exploring to find stone 150000 my mother inlaw put up her annuity as collateral on the loan I have paid on it for 5 years but have lost the buisness due to the market for stone sales and can no longer pay on the loan so my mother inlaw is upset with me is there any way for her to write off her loss of the $100000 she will take because of my failure of the buisness ?
