Match Each Statement with the Correct Term Below

question 14

Multiple Choice

Match each statement with the correct term below.
-Business bad debt expense

• A)Not deductible.
• B)Short-term capital loss.
• C)Limited to $25 per person.
• D)Deductible as an ordinary loss
• E)Only 50% of the cost is deductible.
• F)Must be away from tax home overnight to be deductible.
• G)General area where a taxpayer conducts principal activity.
• H)Certain deductions are disallowed if taxpayer fails to comply.