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Can george take a business loss for the bad debt

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Problem - In 2012, Allen Appleton sells his business to David, but he sells the claim against Fred that arose during the course of his business to George, who is not in a business. The claim becomes worthless in George's hands in 2013. Can George take a business loss for the bad debt since it originally arose in the course of a business?

Reference no: EM132008291

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