ST Alpha - "to me (as an accountant), I don't see it as shady. Just proof of what an absolute trainwreck he is as a business person to have those sort of losses" (Reading a Post)

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In response to "The second I saw that article I knew there’d be a lot of people that suddenly are tax experts. The internet is going to be unbearable tonight. -- nm" by MDH

to me (as an accountant), I don't see it as shady. Just proof of what an absolute trainwreck he is as a business person to have those sort of losses

Posted by Beaker (aka Anniebecca) Sep 27 '20, 15:24

to offset income

Responses:

if you look at the article, specific examples are of the bullshit variety - maintaining that a vacation estate is a business for losses - Reagen Sep 27, 15:34 1
- I have personal experience with that "my lawyers vs the IRS" point. My wife benefits from a family trust that the IRS didn't want to litigate - TWuG Sep 27, 15:37
Wasn’t he allowed to double-deduct business loan defaults as personal losses for a time? - znufrii needs to cancel his gym membership Sep 27, 15:26
(without seeing the detailed returns of course) -- nm - Beaker Sep 27, 15:25

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