Cliff is in the business of buying and selling stocks and bonds. He holds a bond from S Corporation for which he paid $150,000. The bond is currently only worth $25,000. What type of loss can he report on his tax return? Cliff is in the business of buying and selling stocks and bonds. He holds a bond from S Corporation for which he paid $150,000. The bond is currently only worth $25,000. What type of loss can he report on his tax return? Business bad debt of $125,000 No loss is currently allowed Capital loss of $125,000 Business bad debt of $150,000