Question: Assume the same facts as in Problem 8-54, except that Becky and Ken are not related and that under the terms of the loan Ken

Assume the same facts as in Problem 8-54, except that Becky and Ken are not related and that under the terms of the loan Ken agrees to repay Becky the $5,000 plus interest (at a reasonable stated rate) over a five-year period. What is Becky's bad debt deduction for 2015? For 2016?

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