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plzz help QUESTIONS Nick made a loan to Fran in 2016. The loan had a contract, a schedule of payments, and an interest rate Fran
plzz help
QUESTIONS Nick made a loan to Fran in 2016. The loan had a contract, a schedule of payments, and an interest rate Fran had made round of the suddenly died in they current year. The loan is now considered worthless since the estate had no assets to pursue. How would like to Deduct the loss as a long-term capital loss Deduct the loss as a short-term capital loss Deduct the loss as an ordinary loss No deduction is allowed as the loan was not a business loan Step by Step Solution
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