Reply to Income tax deductions & credits

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Since you have an accountant doing your taxes, why did you start this thread? The implication is that you were doing your own taxes and discovered all these things, even though you clearly do not understand them.

What, exactly, is your business? How, exactly, would a contractor owe you money?

BTW, a bad nonbusiness debt has to be worthless and reported as a short-term capital loss on Form 8949. They're not deductible against ordinary income. [/quote]
No thanks; not interested in discussing further.  This has clearly become a dick-measuring contest for you, and not a place where information is exchanged.  Have a nice day.[/quote]

OMG you have no clue what you are talking about.

This has nothing to do with being a dick-measuring contest -- it's not even a contest. I'm just trying to stop you from providing bad information or causing someone to do something that gets them in trouble with the IRS.

Do you even understand the difference between a deduction and a credit? It's not clear from your inane postings that you do.

Again, you just said you use an accountant. Why then are you "discovering" tax preferences? Doesn't make a lick of sense.[/quote]

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