How to cancel debt to me?

[Jean-David Beyer]

Steve Juniper wrote:
> I lent a relative $20K. He paid back over time but lost his job 2 years 
> ago and quit paying. How can I show just canceling his $12K debt? I 
> presume that I couldn't just delete the amount I now show as a fixed 
> asset. For tax purposes I do not want to try to show it as a loss for 
> several reasons. Thanks. Steve J.

Expenses:Gifts Given

-- 
   .~.  Jean-David Beyer          Registered Linux User 85642.
   /V\  PGP-Key: 9A2FC99A         Registered Machine   241939.
  /( )\ Shrewsbury, New Jersey    http://counter.li.org
  ^^-^^ 20:00:01 up 36 days, 9:26, 4 users, load average: 4.29, 4.66, 4.85