Enforce restrictions on imports
Is a current account deficit something to worry about? If a government wants to correct a current account deficit, why can't it simply enforce restrictions on imports?
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Sandy and Teddy formed a partnership. Sand received a 50% interest in partnership capital and profits in exchange for contributing land with a basis of $180,000 and a FMV of $300,000 of cash.
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How should Satsuki treat the loss relating to this debt (assume that the debt is a nonbusiness debt that is a bona fide debt that arose from a debtor-creditor relationship)?
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