After a real estate venture turned sour due to legal disputes and the 2007 real estate market crash, William Musselwhite sold several lots of land for a major loss. His case posed the question: Did those losses qualify as an ordinary loss or a capital loss? In this episode, Tony and Damien discuss the legal issue at the core of the dispute.
Other Episodes

TaxSnax
EP. 3: TRUST, you will be dealt with. Period.
Oct 3, 2023This TaxSnax Episode features Nicole Davis, CPA, MBA. If you raised your hand (*cough* Enya’s sister) …
EP. 3: TRUST, you will be dealt with. Period. Read More »
Play Now 00:09:15
TaxSnax
EP. 2: Who pays for it? No one…You write it off
Sep 26, 2023This TaxSnax Episode features Alicyn McLeod, CPA, CFP & Cecily VM Welch, CPA, PFS, CFP®. In …
EP. 2: Who pays for it? No one…You write it off Read More »
Play Now 00:24:47
TaxSnax
EP. 1: How To Out-Scam A Scammer 101
Sep 26, 2023This TaxSnax Episode features entrepreneur and founder of Voxie, Bogdan Constantine. Join us as we dissect …
EP. 1: How To Out-Scam A Scammer 101 Read More »
Play Now 00:13:33