Tax Court disallows property dealer’s bad debt deduction
$225.00
Description
Abstract: If a taxpayer ever had a debt go bad, he or she may have believed that they could at least get a tax deduction out of the situation. Unfortunately, that’s not always the case. This article shows why one property dealer in Maryland had to learn that lesson the hard way. A sidebar explains why taxpayers should never overlook the personal bad debt deduction.
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