Blue Corporation made loans to a customer,Cedar Corporation.In the current year,these loans become worthless.
A) Blue Corporation cannot claim a deduction for the worthless loans.
B) The loans provide a nonbusiness bad debt deduction to Blue Corporation.
C) The loans provide Blue Corporation with a business bad debt deduction.
D) Blue Corporation may claim a capital loss as to these loans.
E) None of the above.
Correct Answer:
Verified
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