Module 4 Chapter 15 Homework6 Saved 4 Required information Part 1 of 2 The following information applies to the questions displayed below) Damarcus is a 50 percent owner of Hoop (a business entity). In the current year, Hoop reported a $100,000 business loss Answer the following questions associated with each of the following altemative scenarios. (Leave no answer blank. Enter zero if applicable.) points (20ens) a. Hoop is organized as a C corporation and Damarcus works full-time as an employee for Hoop. Damarcus has a $20,000 basis in his Hoop stock. How much of Hoops loss is Damarcus allowed to deduct against his other income? llowable deduction of loss eBook Print References