31 Jennie purchased 50 percent of the shares of SJ Corporation, a calendar year S corporation, for $7,000 She also guaranteed a corporate loan of $6,000 For 2011, SJ Corporation had an operating loss...

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31 Jennie purchased 50 percent of the shares of SJ Corporation, a calendar year S corporation, for $7,000 She also guaranteed a corporate loan of $6,000 For 2011, SJ Corporation had an operating loss of $22,000 What is the amount of SJ Corporations loss that Jennie may deduct on her individual inco...

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31. Jennie purchased 50 percent of the shares of SJ Corporation, a calendar year S corporation, for...

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31. Jennie purchased 50 percent of the shares of SJ Corporation, a calendar year S corporation, for...

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