59. Which of the following would not increase the basis of a shareholder's stock in an S corporation: All separately stated income items of the corporation, including tax-exempt income. C. b. Any nonseparately stated income of the corporation. Capital gains tax paid by the shareholder. d. The amount of deductions for depletion that is more than the basis of the property being depleted. 60. On 1-1-X1, Mr. Vear purchased 50 percent of S Corporation Z's only class of stock outstanding for $100,000. On 12-1-X1, he purchased the other 50 percent of its stock. For 20X1. Z Corporation had a net operating loss of $255,500. How much of the loss can Mr. Vear deduct on his individual income tax return for 20X1? a. $138,396 b. $200.000 c. $234.208 d. $255,500 61. Income from an Scorporation is taxed at: a. the shareholder level. b. the corporate level. C. both the shareholder level and the corporate level. d. None of these