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ordinary loss

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ordinary loss

A loss that is deductible against ordinary income on one's taxes.



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752, there is no sale or exchange, which results in an ordinary loss for that partner's abandoned partnership interest.
JofA: Owners of qualified tuition programs, better known as section 529 plans, can recognize an ordinary loss from them.
As an added benefit, any loss that qualifies as an ordinary loss under Sec.
 
 
 
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