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At the beginning of 2021 Jenny's basis in her corporation stock was $19,500 and Jenny has directly loaned the S corporation $10,000. During 2021, the

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At the beginning of 2021 Jenny's basis in her corporation stock was $19,500 and Jenny has directly loaned the S corporation $10,000. During 2021, the corporation reported an $80,400 ordinary business loss and no separately stated items. How much of the ordinary loss is deductible by Jenny if she owns 50 percent of the S corporation? O $29,500 O $10,000 O $19,500 O $40.200

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