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Kaiwan, Inc., a calendar year S corporation, is partly owned by Sharrod, whose beginning stock basis is $122,500. During the year, Sharrod's share of a

Kaiwan, Inc., a calendar year S corporation, is partly owned by Sharrod, whose beginning stock basis is $122,500. During the year, Sharrod's share of a Kaiwan long-term capital gain (LTCG) is $18,375, and his share of an ordinary loss is $74,113. Sharrod then receives a $73,500 cash distribution. If an amount is zero, enter "0". a. How much of the loss may Sharrod currently deduct? $fill in the blank 1. b. Sharrod's has a suspended loss of $fill in the blank 2. c. Sharrod's new basis in the Kaiwan stock is $fill in the blank 3.

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