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business loss
Sent to Tax Experts April 28 04:05 PM

if you borrow money from your company to pay your mortgage, and you lose the house to divorce problems, can you write off the loss to your business?

Customer (name blocked for privacy)
Status:  Closed   Value: $10
Answer
April 29 12:01 AM (7 hours and 55 minutes and 21 seconds later)
         
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Christopher Phelps -- Certified Public Accountant (CPA) -- 100% Positive Feedback on 2667 Tax Accepts
CPA, CFP, PFS, Tax Practitioner 21 Years, Member AICPA/CSCPA Tax/Financial Planning Committee Member
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