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6th Circ. Affirms Denial Of Atty's Theft Deduction

By Anna Scott Farrell ( March 13, 2026, 5:48 PM EDT) -- An attorney who led an investment partnership whose principals were criminally prosecuted for fraud is not entitled to tax deductions for theft loss related to the fallout, the Sixth Circuit ruled, saying there was no evidence that the principals intentionally fleeced him....

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