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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.


Definitions:

Achievement Motive

The drive or desire to accomplish goals or meet high standards of performance.

Overcome Obstacles

The act of successfully dealing with or gaining control over difficulties that impede progress.

Curiosity

A strong desire to know or learn something, driving exploration and learning.

Aggression

Aggression is a type of behavior characterized by the intention to harm or injure another person, oneself, or objects either physically or verbally.

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