https://www.taxtmi.com/forum/issue?id=107094 Issue: unpaid unsecured loan to a deceased debtor and whether repayment can be obtained from the debtor's spouse or the loan can be nullified for Income Tax Act purposes. Reply: examine the deceased's books to confirm the loan as an asset or advance in his balance sheet, locate where the funds were invested or held, and claim that share or asset from the person inheriting the deceased's capital. en-us Mon, 28 Jul 2014 23:26:58 +0530 Thu, 23 Jan 2025 15:57:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=107094 Issue: unpaid unsecured loan to a deceased debtor and whether repayment can be obtained from the debtor's spouse or the loan can be nullified for Income Tax Act purposes. Reply: examine the deceased's books to confirm the loan as an asset or advance in his balance sheet, locate where the funds were invested or held, and claim that share or asset from the person inheriting the deceased's capital. Discussion-Forum Income Tax Mon, 28 Jul 2014 23:26:58 +0530 https://www.taxtmi.com/forum/issue?id=107094