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Business, 31.12.2019 01:31 Eylul30

Suppose that at the beginning of 2019 jamaal's basis in his s corporation stock was $36,000 and jamaal has directly loaned the s corporation $9,830. during 2019, the s corporation reported an $92,500 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?

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Suppose that at the beginning of 2019 jamaal's basis in his s corporation stock was $36,000 and jama...
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