#489 Accountant Q&A: Watch this to BEAT the IRS (legally)
Main Street Business
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Tax Implications of Investment Losses and Settlements
Delving into the complexities of tax treatment for investment losses and settlements, this chapter explores distinguishing between ordinary income and capital gain in scenarios like receiving settlement money from a scam. It emphasizes the criteria for deducting losses, considering factors like fraud charges, criminal allegations, and admission of guilt in bankruptcy situations.
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