Question: Karyn loaned $ 2 6 , 0 0 0 to her co - worker to begin a new business several years ago. If her co

Karyn loaned $26,000 to her co-worker to begin a new business several years ago. If
her co-worker declares bankruptcy on June 22 of the current year, how much of the
bad debt loss will Karyn be able to deduct this year?
Deductible bad debt loss
Required information
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Matt and Meg Comer are married and file a joint tax return. They do
not have any children. Matt works as a history professor at a local
university and earns a salary of $67,800. Meg works part time at the
same university. She earns $45,200 a year. The couple does not
itemize deductions. Other than salary, the Comers' only other source
of income is from the disposition of various capital assets (mostly
stocks).(Use the tax rate schedules,
Dividends and Capital Gains Tax Rates.)
Note: Round your final answers to the nearest whole dollar amount.
a. What is the Comers' tax liability for 2023 if they report the following capital gains
and losses for the year?
Karyn loaned $ 2 6 , 0 0 0 to her co - worker to

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