During 2013, Wan-Ying, a lawyer, made a bona fide $5,750 loan to her friend Bill when he was in a time of need. Bill died in 2014. Wan-Ying has been informed by Bill's estate that he was insolvent. What is her deduction ton her 2014 tax return she has no other capital transactions) ?
A) $ - 0 -
B) $1,500
C) $3,000
D) $3,500
E) $5,750
Correct Answer:
Verified
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