rscal
Posts: 910
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Post by rscal on Apr 5, 2021 10:11:16 GMT
I'm trying make sense of the fact that the year end statement produced gives a figure for Bad Debt ('Principal defaulted and deemed irrecoverable') is actually greater than the current total of Bad Debt shown on my 'Accounts' screen. The latter figure goes up and down periodically - showing changes in debt and even the statement for the year gives a 'Prior irrecoverable amounts now received' (i.e. 'positive') entry above it, so I am vague about what my effective return has been this last year.
(A bit complicated, I know, but any will be suggestions gratefully received)
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scooter
Member of DD Central
Posts: 354
Likes: 333
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Post by scooter on Apr 5, 2021 12:58:55 GMT
I'm trying make sense of the fact that the year end statement produced gives a figure for Bad Debt ('Principal defaulted and deemed irrecoverable') is actually greater than the current total of Bad Debt shown on my 'Accounts' screen. The latter figure goes up and down periodically - showing changes in debt and even the statement for the year gives a 'Prior irrecoverable amounts now received' (i.e. 'positive') entry above it, so I am vague about what my effective return has been this last year.
(A bit complicated, I know, but any will be suggestions gratefully received)
Hi, looking at mine, that figure is literally the principal defaulted since the account was opened. I suppose they mean deemed irrecoverable at the time, because even if it has all been recovered it is still part of this total. ....and if anyone knows why the year end statement shows taxable income (Interest from borrowers) when i only have an IFISA I'd love to know. I have asked them the question, but easter got in the way of the answer.
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