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1answer
7 views
carryback/carryforward of a business bad debt loss
Taxpayer sold his interest in a business several years ago and reported the sale and paid the capital gains tax. Now, the buyer defaulted on the loan, the business is defunct, and …
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1answer
24 views
Paying estimated taxes
A friend told me that individuals must pay estimated tax each year. Another friend then told me conflicting information. Who is correct?
