In addition to being an employee of Rock Hard Roofing Material, Lou owns 10% of the companys
Question:
a. Is Lou’s loss related to a trade or business or an investment?
b. Can Lou deduct her loss as a bad debt expense?
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a Lous loan to the company to protect her job is considered a business debt T...View the full answer
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Related Book For
Concepts In Federal Taxation
ISBN: 9780324379556
19th Edition
Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher
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