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nonbusiness debt

Defined in 1 dictionary — Case Law

Definitions from Case Law

United States Supreme Court

a debt other than— (A) a debt created or acquired (as the case may be) in connection with a trade or business of the taxpayer; or (B) a debt the loss from the worthlessness of which is incurred in the taxpayer's trade or business.

Defined by the Supreme Court in United States v. Generes H, 405 U.S. 93 (1972).