Exactly how did he "work the system" ?!?!?!?!?!
He Lost $$$ and is allowed by law to deduct the loss from his taxes.
I guess you do you taxes and decide not to take the deductions you are legally allowed to... Ummmm yeah.
This is not a "loop hole" it is a fully legal deduction, same as you deducting yourself. (just bigger)
btw, hilly also used the same deduction. Look for it. You should find it.
So please enlighten me on how you think this is "wrong" or a "loop hole"
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