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Jessica is a one-third owner in Bikes-R-Us, an S corporation that experienced a $45,000 loss this year (year 1). o. It her stock basis is

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Jessica is a one-third owner in Bikes-R-Us, an S corporation that experienced a $45,000 loss this year (year 1). o. It her stock basis is $10,000 at the beginning of the year how much of this loss clears the hurdle for deductibility (assume the at risk limitation equals the tax-basis limitation)? b. If she cannot deduct the whole loss, what happens to the remainder? c. Is she able to deduct her entire loss if she sells her stock at year-end? Complete this question by entering your answers in the tabs below. Reg Rea B Rec it har stock basis is $10,000 at the beginning of the year, how much of this loss clears the hurdle for deductibility assume the at-risk limitation equals the tax basis limitation? Demon Regi Jessica is a one-third owner in Bikes-R.Us, an S corporation that experienced a 545,000 loss this year (year 1), a. It her stock basis is $10.000 at the beginning of the year, how much of this loss clears the hurdle for deductibility (assume theat- risk limitation equals the tax-basis limitation? b. If she cannot deduct the whole loss, what happens to the remainder? c. Is she able to deduct her entire loss if she sells her stock at year-end? Complete this question by entering your answers in the tabs below. ROGA RegB Reg If she cannot deduct the whole loss, what happens to the remainder Suspended until she creates additional basis Deductible the next year Never deductible Reg A Red B Reg Is she able to deduct her entire loss if she sells her stock at year-end? TOYes NO

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