What is the definition of a nonbusiness debt? What is the character of the deduction for a nonbusiness bad debt?

A. A nonbusiness bad debt is defined as any debt other than: (a) a debt created or acquired for the taxpayer's personal use or (b) a debt the loss from the worthlessness of which is incurred for the taxpayer's personal use. Nonbusiness bad debts are deductible as short-term capital losses.

B. A nonbusiness bad debt is defined as any debt that includes: (a) a debt created or acquired in connection with a trade or business of the taxpayer or (b) a debt the loss from the worthlessness of which is incurred in the taxpayer's trade or business. Nonbusiness bad debts are deductible as long-term capital losses.

C. A nonbusiness bad debt is defined as any debt created or acquired in connection with a trade or business of the taxpayer but has a personal guarantee from the taxpayer. Nonbusiness bad debts are deductible as long-term capital losses.

D. A nonbusiness bad debt is defined as any debt other than: (a) a debt created or acquired in connection with a trade or business of the taxpayer or (b) a debt the loss from the worthlessness of which is incurred in the taxpayer's trade or business. Nonbusiness bad debts are deductible as short-term capital losses.