Ethan has S corporation stock with a basis of $5,000 and he has a $4,000...
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Accounting
Ethan has S corporation stock with a basis of $ and he has a $ loan he made to the corporation that is still outstanding. His share of the corporations longterm capital gain for the year is $ and his share of the corporations operating loss is $ At the end of the year the corporation distributed $ to Ethan. How much of the $ operating loss can Ethan deduct this year?
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