NYCMIKE1234
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Irs strongly believes the origin of claim prevails , if the debt originated from a capex , the settlement can only be amortized or depreciated , if the settleme...
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yes, and thanks for following up , release and final satisfaction of claims of all parties , resulting from a defaulted s corp debt , the originally the debt wa...
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A couple of questions, what if settlement involved both personal and corp ? Would I deduct that portion that is corp ? Any more examples of settlements that whi...
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i dont believe a settlement is deductible if the original loan even if it were business was used in a capital expense transaction , it had to be a loan for regu...
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Capx is capital expenses , such as acquiring a business or a building
Activity Feed for NYCMIKE1234
- Posted Heloc and business interest on Deductions & credits. March 10, 2025 1:22 AM
- Posted Re: Yes, amounts paid for settlements are deductible as long... on Business & farm. February 13, 2025 5:06 AM
- Posted Re: Yes, amounts paid for settlements are deductible as long... on Business & farm. February 12, 2025 11:23 AM
- Posted Re: Yes, amounts paid for settlements are deductible as long... on Business & farm. February 9, 2025 9:53 AM
- Posted Re: Yes, amounts paid for settlements are deductible as long... on Business & farm. February 8, 2025 5:23 AM
- Posted Re: Yes, amounts paid for settlements are deductible as long... on Business & farm. February 6, 2025 10:58 AM
- Posted Re: Yes, amounts paid for settlements are deductible as long... on Business & farm. February 6, 2025 10:32 AM
- Posted Re: Yes, amounts paid for settlements are deductible as long... on Business & farm. February 6, 2025 9:07 AM