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omplete the following statements regarding business and nonbusiness bad debts. Lulu is a calendar year taxpayer. She owned stock in Kasper Corporation ( a publicly

omplete the following statements regarding business and nonbusiness bad debts.
Lulu is a calendar year taxpayer. She owned stock in Kasper Corporation (a publicly held company). Lulu acquired the stock as an investment on November 1,2022, at a cost of $23,000. On June 30,2023, the stock became worthless when the company declared bankruptcy.
Because the stock is deemed to have become worthless as of ()
, Lulu has ()

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