DEBT:  The Four Letter Word of Noncash Transactions

Hands over a plant growing from a pile of coins

I would rather hear ANY four letter word than D.E.B.T. when discussing a noncash transaction.  And a little known fact, Aretha Franklin’s original song line wasn’t “R.E.S.P.E.C.T… find out what it means to me”…. it was “D.E.B.T…. find out how unrelated business income tax and bargain sales will impact me.”  I think she should have…

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