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Which of the following liabilities would be considered nonrecourse? A. A $20,000 real estate loan which allows the bank to take the real estate if
Which of the following liabilities would be considered nonrecourse? A. A $20,000 real estate loan which allows the bank to take the real estate if the taxpayer stops making payments on the loan. B.A bank loan for which the taxpayer is personally liable. C. Credit card debt. D. All of these choices are nonrecourse liabilities.
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