Believe it or not, you cannot actually profit from loaning money to yourself.
Posted in uncategorized on March 19th, 2010 by SayUncle | RSS 2.0 |
The Fed has loaned billions (which used to be a lot of money to Goldman Sachs and Morgan Stanley at .25 – .5% interest, which they used to purchase T – bills at 4.00% interest.
If I loan myself $5000 and fail to pay myself back, can I write off the $5000 on my taxes as a bad debt ?
Remember, I do this to entertain me, not you.
Uncle Pays the Bills
Find Local Gun Shops & Shooting Ranges
March 19th, 2010 at 11:26 am
The Fed has loaned billions (which used to be a lot of money to Goldman Sachs and Morgan Stanley at .25 – .5% interest, which they used to purchase T – bills at 4.00% interest.
March 19th, 2010 at 1:28 pm
If I loan myself $5000 and fail to pay myself back, can I write off the $5000 on my taxes as a bad debt ?