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hello please see attached document I need help with thanks John loaned his friend Jack $1,000. Jack did not repay the debt and left town.

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hello please see attached document I need help with thanks

image text in transcribed John loaned his friend Jack $1,000. Jack did not repay the debt and left town. Can John claim any tax deduction? If so, what is the character of the deduction? In answering this question, cite your authority. Please note this assignment should be 1-2 pages long and I need an original paper (not another student paper) with proper citation. Thanks for helping

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