Message Font: Serif | Sans-Serif
No. of Recommendations: 0
acm4tax: Many thanks for your reply. Yes, he cannot sell the property because of the lien. Now, can I claim the amount $10K as a complete nonbusiness loss in my 2001 return. The person -- used to be a friend but without my knowledge is a professional fraud. I don't expect the amount to be paid at all. Let the property rot.
Thanks again for your reply.
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.