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"If you don't use your complete $twenty,000 you have borrowed – or find that other funds are getting to be readily available via resources like university student financial loan forgiveness, a piece reward or tax refund – you are able to utilize those supplemental dollars to pay

I want this response (and the fabric in IRS Pub 550) included a liquidated money marketplace fund as opposed to a liquidated corporation, in my case Schwab PA muni fund SWEXX that liquidated in 2017. The 2 cases are similar although not similar. My basis inside the fund is my initial expense, furthe