Manhattan Club Lawsuit

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Original Message:

Re: Re: Re: Re: Re: Re: Manhattan Club Lawsuit (by Brian M.):

howardf62 wrote:
For the record. That loss is not deductible.

You can verify that with you accountant or IRS.

PS - I am an ex-IRS agent.

Is that true even if you had it as an investment? Let's say to rent it out for income? Not for personal use?