Under what circumstances may a taxpayer deduct a bad debt even though another party to the transaction is the creditor? O A. Parents can deduct a bad debt when making payments that are the obligation of their child when the payment of the debt is considered a gift. B. A third party guarantor of a loan who is required to repay the debt is entitled to a bad debt deduction under certain circumstances. To obtain the bad debt deduction, the guarantee must not be considered a gift. O C. There are no circumstances that a taxpayer can deduct a bad debt of another party to a transaction. OD. A taxpayer can deduct a bad debt even though it is another party obligation if the party to the debt is a spouse. For example, a wife can deduct her husband's bad debt if he refuses to pay an obligation