A Business Bad Debt Is a Debt Unrelated to the Taxpayer's

question 14

True/False

A business bad debt is a debt unrelated to the taxpayer's trade or business either when it was created or when it became worthless.

---

Definitions:

Automatic Response

A reflexive or instinctual reaction to a stimulus, requiring minimal conscious thought.

Proficiency

A high degree of competence or skill achieved in a particular activity or field.

Counseling Intents

The objectives and goals set forth by a counselor to guide therapy or counseling sessions with clients.

Models

Represents systems or frameworks used to conceptualize, understand, or simulate different aspects of reality.