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How much of the ordinary loss is deductible by jamaal

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Question - Suppose that at the beginning of 2021 Jamaal's basis in his S corporation stock was $30,500 and Jamaal has directly loaned the S corporation $9,940. During 2021, the S corporation reported an $81,500 ordinary business loss and no separately stated items. How much of the ordinary loss is deductible by Jamaal if he owns 50 percent of the S corporation?

Reference no: EM133173675

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