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Suppose that at the beginning of 2 0 2 3 Jamaal's basis in his S corporation stock was $ 3 0 , 5 0 0

Suppose that at the beginning of 2023 Jamaal\'s basis in his S corporation stock was $30,500 and Jamaal has directly loaned the S corporation $9,940. During 2023, the S corporation reported an $81,500 ordinary business loss and no separately stated items. How much of the ordinary loss is deductible by Jamaal if he owns 50 percent of the S corporation?
  

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