In addition to being an employee of Rock Hard Roofing Material, Lou owns 10% of the company's
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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Step by Step Answer:
a Lous loan to the company to protect her job is considered a business debt ...View the full answer
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Somshukla Chakraborty
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Related Book For 
Concepts In Federal Taxation 2017
ISBN: 9781305965119
24th Edition
Authors: Kevin E. Murphy, Mark Higgins
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