#13 Problem 10-27 [LO 10-6, 10-7) On January 1, 2017, Leo paid $17.2 return for a promissory note. BLS generated a $616,000 operating loss in 2017 00 for 5 percent of the stock in BLS, an S corporation. In November, he loaned $8,800 to BLS in a. How much of his share of the loss can Leo deduct on his 2017 return? Assume the excess business loss li b. Compute Leo's basis in his BLS stock and his BLS note at the end of 2017. Complete this question by entering your answers in the tabs below. Required A Required B How much of his share of the loss can Leo deduct on his 2017 return? Assume the excess business loss limitation does not apply. Required B>