Manhattan Club Lawsuit

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Original Message:

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

Debbie, another poster, who says he is a former IRS agent, says this:

"For the record. That loss is not deductible.

You can verify that with you accountant or IRS.

PS - I am an ex-IRS agent."

So what do you know that he doesn't? Are you sure you can do this? Brian

debbiea265 wrote:
When we turned ours in there was an appraised value on the paperwork. It was for the whole unit and was something like $193000. We used that as appraised and wrote off the $27000 as a loss but you only get $3000 per year so will be writing off $3000 for 9 years.