Jim Oza owns all $of$ the stock $in$ Drake, a calendar year $S$ corporation. For calendar year $2024,$ Drake anticipates $an$ operating loss $of$ $$160,000$ and could, $if$ deemed worthwhile, sell a stock investment that would generate $a$ $$10,000$ long$-$term capital loss. Jim has $an$ adjusted basis $of$ $$100,000in$ the Drake stock. For the year, $he$ has already realized a short$-$term capital gain $of$ $$7,000.He$ anticipates $no$ other capital asset transactions and expects $tobein$ the $35\%$ tax bracket $in2024.$