Anne has a $10,000 basis in her S corporation stock on January 1 of the current year. On March 1 of the current year, Anne lends the corporation $8,000. Her share of the S corporation’s ordinary loss for the current year (which has not yet ended) is expected to be $28,000. Anne expects her marginal tax rate to be 12% in the current year. She expects that her marginal tax rate will increase to 32% next year, and she anticipates substantial profits for the S corporation next year. Advise Anne regarding the deductibility of her share of the losses and the desirability of making additional capital contributions or loans to the S corporation in either year.