Make A Loan, Don’t Get Repaid: What Are The Tax Consequences?

It’s a story that’s as old as time itself: boy meets girl; girl loans boy $450K to fund the creation of a golf-themed comic strip; boy laughs his way all the way to the car dealership; boy loses girl, but keeps the cash.

http://www.forbes.com/sites/anthonynitti/2016/10/06/make-a-loan-dont-get-repaid-what-are-the-tax-consequences/

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