During 2012, John was the chief executive officer and a shareholder of Maze, Inc. He owned 60% of the outstanding stock of Maze. In 2009, John and Maze, as secured by John;s personal residence. Although Maze was listed as a c0-borrower, John repaid the loan in full in 2012. On Maze's Form 1120 tax returns, no loans from shareholders were reported. Discuss whether John is entitled to a bad debt deduction for the amount of the payment on the loan