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How much of ordinary loss can eva deduct on tax return?

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Reference no: EM132873462

Question 1: On? January? 1, 2020 Eva? contributes? $100,000 to incorporate ES Inc. Eva also? loans? ES, Inc? ? $225,000 .An S Corporation election is made by? ES, Inc. During 2020 ES Inc had the following transactions. Ordinary? loss? $500,000?, long term capital? gain? $75,000?, cash distribution to? Eva? $? 150,000. How much of the ordinary loss can Eva deduct on her 2020 tax? return??? 

A. ?$175,000
B. ?$250,000
C. ?$500,000
D. ?$25,000

Reference no: EM132873462

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