Quote from: ScaryHash on January 31, 2014, 11:41:33 PM

Quote from: bankbtc on January 31, 2014, 11:36:56 PM

Quote from: TwinWinNerD on January 31, 2014, 11:19:51 PM

You will probably see no single penny/bitcent

Nope. One way or another I am going to monetize the judgement. Worse case is I write off the judgement as un-collectable debt on my tax return and use the loss as an offset. The judgement is sufficient documentation in case the IRS decides to challenge the write off.

That is an excellent point. So it means that, depending on your tax bracket, you could get some benefit out of it.

It depends on which form you use to file your taxes but not your tax bracket. I always file using form 1040 (the long form), so yes, I will realize some benefit.