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Political Factoid
Entity-A loans money
(e.g., $100,000) to
Entity-B.
Entity-B loses the
money ($100,000) in
bad business deals.
Both Entity-A and
Entity-B each claim
a $100,000 loss on
their federal income
taxes.*
| * |
Entity-B claims a
business operation loss,
and Entity-A claims a bad debt.
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