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Discuss amount and classification of Ron bad debt deduction

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Reference no: EM132667287

Problem - Ron, a cash basis taxpayer, sells his business accounts receivable of $100,000 to Felicia for $70,000 (70% of the actual accounts receivable). Discuss the amount and classification of Ron's bad debt deduction.

Reference no: EM132667287

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Discuss amount and classification of Ron bad debt deduction : Ron a cash basis taxpayer sells his business accounts receivable of $100,000 to Felicia for $70,000. Discuss amount and classification of Ron bad debt deduction
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