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Trudeau runs a small electrical supply company. He needs money for his business, so he signs a note to the local bank for $20,000. After

Trudeau runs a small electrical supply company. He needs money for his business, so he signs a note to the local bank for $20,000. After some time, it becomes clear he will not be able to repay the loan. Trudeau's brother approaches the bank and purchases the note for $15,000. Any tax consequences for Trudeau? 

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