Here’s a rule that can make you unhappy. If you sell property to a related party, you may not deduct your loss on the sale.
And this gets worse. The loss you cannot deduct no longer belongs to you. It moves to the related party, and that can really complicate matters.
This brings up two questions:
Who are your related parties?
What happens to the loss that the government took away from you?
Of course, your real question is likely how you can avoid this disallowance rule or otherwise get around it. Get ready to smile: you’ll find the answers in this article. ... Log in to view full article.