1) business or nonbusiness

2) no comsequence or determined if it is a business or bad debt

3) business or nonbusiness

4) business or nonbusiness

5) business ir nonbusiness

6) are ir are not

Complete the following statements regarding business and nonbusiness bad debts. A bad debt is a debt unrelated to the taxpayer's trade or business either when it was created or when it became worthless. The use to which the borrowed funds are put by the debtor A bad debt is deductible as an ordinary loss in the year incurred, whereas a no deduction is allowed when a bad debt is always treated as a short-term capital loss. Although the loss upon final settlement. The nonbusiness bad debt provisions