Brian Boyd
👤 SpeakerAppearances Over Time
Podcast Appearances
You're discharging it.
You're getting the deduction for it.
Now, there are a lot of rules around it.
Like you have to have a bona fide debt.
Somebody has to owe you money.
It's not like my baby daddy didn't pay child support this month.
That's a court issue.
Take it to court.
This is if you have a loan or a bona fide debt.
And, you know, there's been a lot of consternation within the comments there.
But the idea is, hey, utilize the tax code to take what is now a liability to you and you're never going to see that money.
They're never going to pay you.
You don't want to go through the hassle of dealing with it.
to turning it into a deduction, which is a benefit to you.
And that's just one way to utilize the tax code.
A lot of people were like in the comments like, oh, an individual can do it.
Oh yeah, they can.
They can absolutely do it.
Now,
And this gets into a little bit more detail of that.