A shareholder purchases 20% of the stock of an S Corp two-thirds of the way through the year for 29 $15,000. The S Corp. incurs an operating loss of $240,000 for the year. What is the amount of loss that the 5 shareholder may deduct on her income tax return, assuming that the at-risk and passive activity limitation do not apply? a $15,000 b $48,000 c $16,000 d $80,000 e $o