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Just take the IRS writeoff for your $25,000. The IRS will accept it since the company is bankrupt.
by WrtCdEvrydy 8y ago
Just take the IRS writeoff for your $25,000.
The IRS will accept it since the company is bankrupt.
- protomyth 8y agoYou really need to talk to a professional about documenting your $35,000 loss. The IRS gets very nasty about stuff the looks out of line with their expectations.
- WrtCdEvrydy 8y agoHe's right /u/goodroot, the $45,000 writeoff should be done quickly so it's counted in the bankruptcy filings. Edit: We're all joking, but you should tax writeoff the stuff. You can't exactly exercise your losses, so this will be game over. Be aware this makes you illegible for future bankruptcy proceeding.