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Which of the following is true regarding a nonbusiness bad debt? Select one: a. It is deductible as a short-term capital loss. b. It is
Which of the following is true regarding a nonbusiness bad debt?
Select one:
a.
It is deductible as a short-term capital loss.
b.
It is not deductible.
c.
It is deductible only if you itemize.
d.
It is deductible as a long-term capital loss.
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