A Nonbusiness Bad Debt Deduction Can Be Taken Any Year

question 77

True/False

A nonbusiness bad debt deduction can be taken any year after the debt becomes totally worthless.

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Definitions:

Face Validity

refers to the extent to which a test or measure appears to assess what it is intended to measure, based on a superficial examination.

Concurrent Validity

The construct validity of a measure is assessed by examining whether groups of people differ on the measure in expected ways.

Face Validity

Refers to the extent to which a test appears to measure what it claims to measure, based on superficial judgment.

Convergent Validity

A type of validity that assesses whether measures that should be related, based on the study hypotheses, are actually related.