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A partner loans cash to partnership. Bankruptcy follows years later. Business or nonbusiness bad debt?
cpataxoffice
Level 1
12-07-2019
09:58 AM
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George4Tacks
Level 15
12-07-2019
09:58 AM
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Is the partner that loaned the money in the business of loaning money?
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sjrcpa
Level 15
12-07-2019
09:58 AM
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Probably nonbusiness
The more I know the more I don’t know.
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