Suppose that at the beginning of Jamaal\'s basis in his S corporation stock was $ and Jamaal has directly loaned the S corporation $ During the S corporation reported an $ ordinary business loss and no separately stated items. How much of the ordinary loss is deductible by Jamaal if he owns percent of the S corporation?

  

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To calculate the deductible portion of the ordinary loss for Jamaal who owns 50 o... View the full answer