Several years ago Amy Westbrook, who is in the lending business, loaned Sara Stuart $30,000 to purchase an automobile to be used for personal purposes. In August of the current year, Sara filed for bankruptcy, after paying back $1,000 of the loan to Amy. Amy was notified by the bankruptcy court that she could not expect to receive more than an additional $4,000. Amy has contacted you about the possibility of taking a bad debt deduction for the current year. Complete the letter to Amy that contains your advice as to whether she can claim a bad debt deduction for the current year. SWFT, LLP 5191 Natorp Boulevard Mason, OH 45040 January 29, 2022 Ms. Amy Westbrook 100 Tyler Lane Erie, PA 16563 Dear Amy: I am following up with you regarding your question about the possibility of taking a bad debt deduction on the loan you made to Sara Stuart.. Your loan to Sara Stuart a business bad debt; therefore, you debt deduction for partial worthlessness. You allowed to take a bad be able to take a bad debt deduction in the current year of act me