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Steinar loan a friend 9000 to buy some stock 3 years ago. I the current year the debt became worthless. a. How much is Steinar's
Steinar loan a friend 9000 to buy some stock 3 years ago. I the current year the debt became worthless. a. How much is Steinar's deduction for bad debt for this year ? Assume he has no other capital gains or losses) $----- as a -'--- bad debt. b. What can Steinar do with the deduction not used this year? The remaining$---- can carried forward as--- and deducted in future years , subject to ----.
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