x 14. Martha loaned her friend, Joan, $30,000 three years ago. Joan used the money to start a business on Etsy. After three years, Joan's business is bankrupt and lets Martha know that she will not be repaid. How should Martha treat this transaction for tax purposes? A Deducted as a long term capital loss B. Deducted as a short term capital loss C. Deducted as a trade or business expense on Martha's Schedule C D. Not deducted on Martha's 2018 tax return