Join the IDNLearn.com community and get your questions answered by experts. Find reliable solutions to your questions quickly and easily with help from our experienced experts.

six years ago, mr. ahmed loaned $10,000 to a neighbor in exchange for an interest-bearing debt obligation. this year, the neighbor informed mr. ahmed that he was defaulting on the debt. what are the tax consequences to mr. ahmed of this bad debt? multiple choice $10,000 ordinary loss no loss recognized $10,000 short-term capital loss $10,000 long-term capital loss

Sagot :