Check my work Required information The following information applies to the questions displayed below] Part 1 of 2 Danni is a single 30 percent owner of Kolt (a business entity). In the current year, Kolt reported a $1,000,000 business loss. Answer the following questions associated with each of the following alternative scenarios: (Leave no answer blank. Enter zero if applicable.) 0.52 points Skipped a. Kolt is organized as a C corporation and Danni works 20 hours a week as an employee for Kolt. Danni has a $200,000 basis in her Kolt stock. How much of Kolt's loss is Danni allowed to deduct this year against her other income? eBook Print References Allowable deduction of loss