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Proceeds of CapGain - to Deductible or Non-D loan?
My understanding (check with a tax expert, please), is that in scenario A you can repay the $100 share loan, and use the $50 profit (after taxes) for private purposes. Obviously you no longer have the deduction for the interest on the $100 loan. The complicating factor is how your loan was...- alexlee
- Post #5
- Forum: Accounting and Tax
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A
Proceeds of CapGain - to Deductible or Non-D loan?
Why would you want to avoid the 50% discount?- alexlee
- Post #2
- Forum: Accounting and Tax