Understanding Bad Debt Loss Deductions

Metro East REIA
Jun 14, 2023
1 min read

The current economic climate makes this a good time to focus on bad debt losses. As an individual taxpayer, deducting bad debt losses has always been controversial with the IRS.

To claim the deduction, you must first establish that the loss was from a bona fide loan transaction that went wrong. So be alert. Continue reading HERE...

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