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09Mar

Tax Court Provides Guidance On Section 165 Deduction For Worthless Equity Interests - Tax Update Volume 2020, Issue 2

In order to take a worthlessness deduction for an equity investment in an entity, including an equity interest in a corporation or a partnership, the taxpayer must show that the instrument is worthless (no value at all), and must support the year of...
By: Pepper Hamilton LLP
Source Url: https://www.jdsupra.com/legalnews/tax-court-provides-guidance-on-section-38392/

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