Funky Chicken is a calendar year S corporation with the following current year information:
Operating loss	$ (300,000)
Liabilities:
Note payable, Big Bank	30,000
Note payable, June Cross	20,000
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On January 1 June Cross bought 60% of Funky Chicken for $45,000.
She then loaned the company $20,000.
How much of the operating loss may Cross deduct on her Form 1040?