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Liz is right that some loans shouldn't be 22 made. A holder of a Non-Electing security that is an individual, estate, or trust will be allowed deductions for such expenses only to the extent that the sum of those expenses and the holder's other miscellaneous itemized deductions exceeds two percent of such holder's adjusted gross income. God bless the ABC- and God help us now it still at the mercy of Howard and his right wing coves.
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