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Aww, Nitedoc blocked me because math didn't agree with his feelings... 🤣
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KunsanVeteran · M
@HoeBag Actually I disagree with your premise. When the price falls to zero, it no longer is a “price.” It becomes a “debt owed” presumably to the purchaser. Since there is absolutely ZERO chance of you ever recovering anything, then it’s a “bad debt.” Under certain circumstances (and our hypothetical scenario of tRUMP creating this “bad debt” does NOT qualify for you—the victim—here), bad debt losses might be tax deductible. In order to qualify, one must demonstrate “intent to make a profit”.
HoeBag · 46-50, F
@KunsanVeteran Something like that. 🤔