In Problem 44, how much of the Whitman loss belongs to Ann and Becky? Becky’s stock basis is $41,300.

In problem

At the beginning of the year, Ann and Becky own equally all of the stock of Whitman, Inc., an S corporation. Whitman generates a $120,000 loss for the year (not a leap year). On the 189th day of the year, Ann sells her half of the Whitman stock to her son, Scott. How much of the $120,000 loss, if any, belongs to Scott?