Question 38 Not yet answered Marked out of 100 p Flag question Amos loaned James (a friend) $10,000 in 2019 with the agreement that the loan would be repaid in two years. In 2020, james filed for bankruptcy, and Amos was notified that he could expect $0.40 on the dollar. In 2021, final settlement was made, and Amos received $1,500. In 2020, Amos had AGI of 570,000, including $6,000 of short term capital gain. In 2021. Amos had Agi of $80,000, including $4,000 of long term capital gain. Assuming the loan is a nonbusiness bad debt, what is the amount of Amos's bad debt deduction in 2021? Select one a. 57.000 b. $1,500 C. 56,000 d. $8,500