In 2017, Allen Appleton sells his business to David, but he sells the claim against Fred that
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In 2017, 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 2018. Can George take a business loss for the bad debr since it originally arose in the course of a business?
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Related Book For 
CCH Federal Taxation 2019 Comprehensive Topics
ISBN: 9780808049081
2019 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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