Macy is a 50% shareholder in an S corporation and her share of the ordinary business...
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Macy is a 50% shareholder in an S corporation and her share of the ordinary business loss for year 3 is $20,000. Macy's stock basis at the beginning of Year 3 was $15,000, and she personally loaned the S corporation $13,000 this year. Assuming that Macy's loss deduction is not limited by the passive loss rules or the at-risk rules, what is her stock basis at the end of Year 3? $0 O $20,000 O $15,000 O$13,000 Macy is a 50% shareholder in an S corporation and her share of the ordinary business loss for year 3 is $20,000. Macy's stock basis at the beginning of Year 3 was $15,000, and she personally loaned the S corporation $13,000 this year. Assuming that Macy's loss deduction is not limited by the passive loss rules or the at-risk rules, what is her stock basis at the end of Year 3? $0 O $20,000 O $15,000 O$13,000
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