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A Business Bad Debt Gives Rise to an Ordinary Deduction

question 80

True/False

A business bad debt gives rise to an ordinary deduction while a nonbusiness bad debt is treated as a short-term capital loss.


Definitions:

Vasocongestion

An increase in blood volume in specific tissues, often relating to sexual arousal.

Penile Erection

The physiological condition in which the penis becomes firm, engorged with blood, and enlarged, often in response to sexual arousal.

Clitoral Swelling

An increase in size or engorgement of the clitoris, typically due to sexual arousal.

Orgasm During Sexual Activities

The climax of sexual excitement, characterized by intensely pleasurable feelings centered around the sexual organs but can encompass the whole body.

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