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Business, 19.03.2020 21:34 costance2314

Karyn loaned $20,000 to her co-worker to begin a new business several years ago. If her co-worker declares bankruptcy on June 22 of the current year, is Karyn allowed to deduct the bad debt loss this year? If she can deduct the loss, what is the character of the loss?

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Karyn loaned $20,000 to her co-worker to begin a new business several years ago. If her co-worker de...

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