Question: At gunpoint Roger lent 2 000 from the cash register

At gunpoint, Roger lent $ 2,000 from the cash register at his hardware store to four large youths who told Roger that they wanted a loan to set up their own business. Not having the phone number of any of the sprightly entrepreneurs, Roger could not recover any of the invested funds. Can Roger claim any deduction with respect to this loan? In what tax year?

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  • CreatedOctober 30, 2015
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