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Re: BigBaboon post# 9157

Friday, 04/12/2019 7:26:25 AM

Friday, April 12, 2019 7:26:25 AM

Post# of 9592
Even when failure does occur, a decent person would have the character to put out a release, a letter, informing the shareholders that the enterprise is in fact busted. By doing this, loans extended to these individuals and cost basis could be used to defend the write off on the tax return. This man refuses to do any of this, and leaves the shareholders with countless hours potentially of defending their write off with the IRS. If I were this family, I would not be so smug and cavalier. Their retirement life in the trailer park might become a little more restless going forward.