79. CPA Joe reimburses a client for a $75,000 tax liability that is traceable to Joes bad...

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79. CPA Joe reimburses a client for a $75,000 tax liability that is traceable to Joe’s bad tax advice. For fear of increasing his already steep malpractice insurance premiums, Joe does not file a claim with the insurer. Can Joe deduct the

$75,000 loss?

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