In 2016, Diego borrows $50,000 from his father, Juan, and invests in a very promising high-tech start-up. At the time of the loan, Juan does not require Diego to sign a loan agreement, although Diego promises to repay Juan in the future. Unfortunately, the company goes bankrupt and Diego's investment is worthless. By the current year, it is clear that Diego is sadly unable to repay Juan. How should Juan report this bad debt on this tax return in the current year? ANSWER Unselected This should not be included in Juan's tax return. Unselected $50,000 STCL Unselected $50,000 LTCL Unselected $50,000 miscellaneous itemized deduction