85. Abigail, Bobby, and Claudia are equal owners in Lafter, an S corporation that was a C corporation several years ago. While Abigail and Bobby actively participate in running the company, Claudia has a separate day job and is a passive owner. Consider the following information for 2015: As of January 1, 2015, Abigail, Bobby, and Claudia each have a basis in Lafter stock of $15,000 and a debt basis of SO. On January 1, the stock basis is also the at-risk amount for each shareholder. . Bobby and Claudia also are passive owners in Aggressive LLC, which allocated business income of $14,000 to each of them in 2015. Neither has any other source of passive income (besides Lafter, for Claudia). On March 31, 2015, Abigail lends $5,000 of her own money to Lafter. Anticipating the need for basis to deduct a loss, on April 4, 2015, Bobby takes out a $10,000 loan to make a S10,000 contribution to Lafter. Bobby uses his automobile ($12,000 fair market value) as collateral. Lafter has an accumulated adjustments account balance of $45,000 as of January 1, 2015. Lafter has C corporation earnings and profits of $15,000 as of January 1, 2015. During 2015, Lafter reports a business loss of $75,000, computed as follows follows Sales revenue Cost of goods sold Salary to Abigail Salary to Bobby Business (loss) $90,000 (85,000 (40,000 40,000 $75,000