Contested-Liability Doctrine
Definition
The principle that if a debt is disputed, any loss related to the debt may be deducted for tax purposes at the time it is finally settled for the amount of the settlement.
Book a free course tour of Quimbee Bar Review+ to see the tools you'll use to prepare for the bar exam
The principle that if a debt is disputed, any loss related to the debt may be deducted for tax purposes at the time it is finally settled for the amount of the settlement.
The related rules section is for members only and includes a compilation of all the rules of law in Quimbee's database relating to this key term.
To access the related rules, please start your free trial or log in.
Mauris finibus odio eu maximus interdum. Ut ultricies suscipit justo in bibendum. Sed eu magna efficitur, luctus lorem ut, tincidunt arcu. Praesent varius sit amet erat hendrerit placerat. In posuere eget ante id facilisis. Integer semper venenatis felis lacinia malesuada.
Become a member and get unlimited access to our massive library of law school study materials, including 1,295 video lessons and 7,000+ practice questions in 1L, 2L, & 3L subjects, as well as 46,200+ case briefs keyed to 988 law school casebooks.
Quimbee’s professional development courses are available exclusively to CLE Unlimited subscribers. Start your free trial now to unlock access to this course and Quimbee’s entire library of CLE programs.
Try CLE Unlimited for FreeCancelIt looks like your session has changed, probably due to logging in or out in another tab or window. If you were in the middle of doing something, the action may not have been saved. We highly recommend that you refresh the page and log in again if necessary.
Refresh