Steinar loaned a friend $9,500 to buy some stock 3 years ago. In the current year the debt became worthless.
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?
Click here for the solution: Steinar loaned a friend $9,500 to buy some stock 3 years ago
Showing posts with label Steinar. Show all posts
Showing posts with label Steinar. Show all posts
Monday, August 31, 2015
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