In 2008, John and Maze, as co-borrowers, obtained a $100,000 loan from United National Bank. This loan was secured by John's personal residence. Though Maze was listed as a co-borrower, John repaid the loan in full in 2011. On Maze's Form 1120 tax returns, no loans from shareholders were reported. Discuss whether John is entitled to a bad debt deduction for the amount of the payment on the loan.Partial list of research aids:US v. Generes, 405 US 93 (1972)Dale H. Sundby, T.C.Memo. 2003-204Arrigoni v. Comm., 73 T.C. 792 (1980)Estate of Herbert M. Rapoport, T.C.Memo. 1982-584Clifford L. Brody and Barbara J. DeClerk, T.C. Summary Opinion, 2004-149