1. Kissimmee Clothing, Inc., a calendar year S corporation, is partly owned by Matthew, whose beginning stock basis is $22,000. During the year, Matthews share of a Kissimmee long-term capital gain (LTCG) is $10,000, and his share of an ordinary loss is $8,000. Matthew then receives a $25,000 cash distribution. Compute the following.

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1. Matthews deductible loss.

2. Matthews suspended loss.

3. Matthews new basis in the Kissimmee stock.