During 2018, Wan-Ying, a lawyer, made a bona fide $5,750 loan to her friend Bill when he was in a time of need. Bill died in 2019. Wan-Ying has been informed by Bill's estate that he was insolvent. What is the deduction on her 2019 tax return (she has no other capital transactions)?
A. $- 0 -
B. $1,500
C. $3,000
D. $3,500
E. $5,750
Answer: C
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