What is maximum that she would be able to save in taxes

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Lisa invested $18,000 in Carson (a C corporation) for a 10% interest and also invested $30,000 in Samson ( an S corporation) for 20% interest. for the current year, Carson had a taxable loss of $80,000 and Samson had a taxable loss of $60,000. no distributions were made. if Lisa is in the 35% marginal tax bracket, what is the maximum that she would be able to save in taxes in the current year as a result of these corporate losses?

Reference no: EM13139513

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