How to write off a an uncollectable loan

Hello, VernMitchell. 

I agree with Rainflurry. You'll have to create a Journal entry to remove the loan from your balance sheet. I'll show you how to create a J.E. in QuickBooks.  

Here's how:
 

1. Click the Company menu and choose Make General Journal Entries.
2. Fill out the fields to create your journal entry. Make sure your debits equal your credits when you’re done.
3. Tap Save & Close.

However, I still recommend reaching out to your accountant to guide you in creating JE. To make sure your books are still intact and accurate. 

For more information, on how to record journal entries click this article: Create a journal entry in QuickBooks Desktop. 

Let me know if you need further assistance with QuickBooks. We're always right here ready to help you anytime you need us. Have a great day!

@AileneA  RE: I'll show you how to create a J.E. in QuickBooks. 

Piling on after @Rainflurry isn't helpful and doesn't add any value. Also, the OP didn't ask how to enter a Journal Entry.

That was helpful, thanks. 

Rainflurry, how do I get in touch with you about your accounting/bookkeeping services? 

@VernMitchell 

Thanks for the inquiry.  I recently made an exit from business ownership/accounting and do this forum on the side just for fun and to help out.       

Hello Rainflurry,

We've reviewed the solution you’ve shared and it's correct and accurate. Thank you for sharing your inputs to help address the issue.

We love to see members supporting one another! Have a great day.