These 2 links are for you George... so you can help everyone learn.. that you can not write off bad debt on asset backed securities. I have used this form to report public officials as well. along with the whistleblower form 211
Link 1: Form 3949 a
https://www.irs.gov/pub/irs-pdf/f3949a.pdf
Link 2: Form 211
https://www.finra.org/filing-reporting/over-the-counter-reporting-facility-orf/form-211
They work like charms, when used properly. There is much to learn about this law, when dealing with what abstracters deal in. Asset Backed Securities.
You as a licensee are mandated to report corruption, that's why you are given a license with a full background check. If you are reporting while being licensed, you can not get paid as a whistleblower, because of your duty to report.
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