I am looking togo back 7 years amend my returnand take a deduction. I sued an atty and got a 100,000 judgementfor malpractice because he ca...

Question

I am looking to

go back 7 years amend my return

and take a deduction.

I sued an atty and got a 100,000 judgement

for malpractice because he caused me

a loss and the judgement is uncollectable.

Can I go back 7 years and amend my return

(I had high income that year)

under the bad debt rule

that let's me go back 7 years

and amend my return.

Any other way to write it off

in that year.

Can you help me do this if it is possible

Thanks ,

Walter Boes

Answer

Why is the judgment uncollectible? Was it discharged in bankruptcy 7 years ago? There needs to be some event that makes it uncollectible under the bad debt rule, just failing to pay is not enough....