Steinar loaned a friend $9,500 to buy some stock 3 years ago. In the current year the
Question:
a. How much is Steinar’s deduction for the bad debt for this year? (Assume he has no other capital gains or losses.) $ ________________
b. What can Steinar do with the deduction not used this year? _________________________________________________________________________
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Related Book For
Income Tax Fundamentals 2015
ISBN: 9781305177772
33rd Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill
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