During 2017, Wendy, a biologist, made a bona fide $10,000 loan to her friend Ben when he was in a time of need. Ben dies in 2018. Wendy has been informed by Ben's estate that creditors can expect to receive 40% of amounts owed to them. No payments to creditors are made from Ben's estate in 2018. Wendy's maximum deduction in 2018 is

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The Answer of During 2017, Wendy, a biologist, made a bona fide $10,000 loan to her friend Ben when he was in a time of need. Ben dies in 2018. Wendy has been informed by Ben's estate that creditors can expect to receive 40% of amounts owed to them. No payments to creditors are made from Ben's estate in 2018. Wendy's maximum deduction in 2018 is

During 2017, Wendy, a Biologist, Made a Bona Fide $10,000