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How much of hoop loss is damarcus allowed to deduct

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Question - Hoop is organized as a C corporation and Damarcus works full time as an employee for Hoop. Damarcus has a $20,000 basis in his Hoop stock. How much of Hoop's loss is Damarcus allowed to deduct against his other income?

a. 0

b. 20,000/2

c. 10,000

d. 20,000

Reference no: EM133056201

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