#406 Scams, Loses, Theft and More - Must Know Tax Information
Main Street Business
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Non-Business Bad Debt Loss - 10 Steps Down the Road
Most practitioners, Mark and I included are like, you know what? That's going to be considered a non-business bad debt loss. By the way, people in order to prove you had a non- business bad debt, you better been claiming the yield. See, every once they're taking it to, I'm getting yield, but I don't pay tax until I take the yield I received and actually take possession of it. What the hell? You can't.
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