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Karyn loaned $26,500 to her co-worker to begin a new business several years ago. If her co-worker declares bankruptcy on June 22 of the current
Karyn loaned $26,500 to her co-worker to begin a new business several years ago. If her co-worker declares bankruptcy on June 22 of the current year, how much of the bad debt loss will Karyn be able to deduct this year?
Deductible bad debt loss??
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