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Business, 22.12.2020 21:50 NickCamryn5472

Last year, Aleshia identified $4,400 as a nonbusiness bad debt. In that tax year before considering the tax implications of the nonbusiness bad debt, Aleshia had $8,800 of taxable income, of which $3,080 consisted of short-term capital gains. This year, Aleshia collected $3,696 of the amount she had previously identified as a bad debt. Determine Aleshia's tax treatment of the $3,696 received in the current tax year.

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Last year, Aleshia identified $4,400 as a nonbusiness bad debt. In that tax year before considering...

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