Purchased mortgage note sold it in 2018 for a profit. I am not sure where to post this capital gain. I bought another note in 2018. Can I deduct as business expense?

posted

Connect with an expert

1 Best answer

Accepted Solutions

Post it like a buy and sale of a bond

You can not expense the note you purchase

1 Reply

Post it like a buy and sale of a bond

You can not expense the note you purchase

Still have questions?

Questions are answered within a few hours on average.

*Must create login to post

Unlock tailored help options in your account.