Brian Boyd

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.

But there is case law out there that says an individual can do it.

And there's also the fact of the, you know, it's done routinely through the bankruptcy process.

You discharge the debt.

And so a lot of people just don't understand that.

They just like, oh, no, it's only financial institutions.

No, I mean, if somebody owed me a debt and I had a loan agreement with them and I discharged it, I can absolutely turn that into the IRS and say, hey, now this is a bad debt.