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New Member
posted Jun 3, 2019 1:30:30 PM

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?

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1 Best answer
Level 15
Jun 3, 2019 1:30:31 PM

Post it like a buy and sale of a bond

You can not expense the note you purchase

1 Replies
Level 15
Jun 3, 2019 1:30:31 PM

Post it like a buy and sale of a bond

You can not expense the note you purchase