1 - GW SBA

30% up to $10K AGI: reduced by 1% for each $2K AGI above, with minimum of 20% ... Policy: personal loans aren’t as favored as business loans, which have economic impact and are more easily regulated ... when she borrows $40K secured by bldg. to purchase personal car. Basis in bldg.: doesn’t increase: non-acquisition debt. But basis in car: 40K. ................
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