During the year of 2021, Geralyn Corporation, ans Corporation, Incurs an Operating Loss of $22,000 and a Section 1231 Gain of 54,000. Byrd, the sole (one hundred percent (100%)) shareholder of Geralyn Corporation, has at the beginning of the year of 2021 a $15,000 basis in her stock and Geralyn Corporation has a $21,000 balance in its Accumulated Adjustments Account (MA) at the beginning of the year of 2021. Byrd may deduct on her personal Federal Income Tax Return (Form 1040) for the activities of Geralyn Corporation for the year of 2021 $15,000 $ 4,000 $22,000 $19,000