Bad debt losses from nonbusiness debts are deductible as short-term or long-term capital losses depending on how long the debt was outstanding.

Name: Bad debt losses from nonbusiness debts are deductible as short-term or long-term capital losses depending on how long the debt was outstanding.
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Bad debt losses from nonbusiness debts are deductible as short-term capital losses regardless of how long the debt was outstanding.

Bad Debt Losses from Nonbusiness Debts Are Deductible as Short-Term