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Making the Most of Bad Assets

October 5, 2015
Accounting Today

In an article published on Oct. 1, 2015, Brett Beveridge provides insight on bad investments and starting a business that loses money. The article details the Madoff case and Santa Fe Pacific Gold as two examples where desirable ordinary loss treatment was not a routine matter. Beveridge noted, “In general, a loss of an investment from an open market purchase due to fraudulent activity is treated as a capital loss.” For the full article, you may click here.