QUESTION 15 Last year, Aleshia identified $7,000 as a nonbusiness bad debt. In that tax year before considering the tax implications of the nonbusiness bad debt, Aleshia had $14,000 of taxable income, of which $4,900 consisted of short-term capital gains. This year, Aleshia collected $5,880 of the amount she had previously identified as a bad debt. Determine Aleshia's tax treatment of the $5,880 received in the current tax year Aleshia includes $5,860 of the collection as a ordinary income b a taxable return of capital ca long-term capital gain d a short-term capital gain QUESTION 16 Noelle's diamond ring was stolen in November 2017. She originally paid $8,000 for the ring, but it was worth considerably more at the time of the theft. Noelle filed an insurance daim for the stolen ring, but the daim was denied. Because the insurance daim was denied, Noelle took a casualty loss deduction for the stolen ring on her 2017 tax return. In 2017, Noelle had AGI of $40,000. After Noelle threatened legal action in early 2020, the insurance company had a change of heart and sent Noelle a check for $5,000 for the stolen ring. The per event floor is 5100, What is the proper tax treatment of the $5,000 Noelle received from the Insurance company in 20202 Noello should a take an additional loss b. Include as include in 2020 QUESTION 17 Chick Save and Submit to save and subit. Cho Save All Anter to all Save All Answers