At the beginning of 2023, Tim had a $2,000 stock basis in the S corporation, World, Inc. Tim owns 25% of the outstanding World stock. At the end of 2023, World reported on its Schedule K a $16,000 ordinary loss, $4,000 of interest income, and $2,000 in nondeductible expense. Tim has $10,000 in flow-through reportable income from other S corporations. How much of the 2023 World ordinary loss can Tim deduct on his personal return? A. $0 in loss. B. $2,500 in loss. C. $3,000 in loss. D. $4,000 in loss