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lan contributes $9,000 in exchange for a 30 percent interest in a C corporationFor 2022, the corporation reported a total loss of $ 35,000 and
lan contributes $9,000 in exchange for a 30 percent interest in a C corporationFor 2022, the corporation reported a total loss of $ 35,000 and made no cash distributions . For 2023, the corporation reported net income of $ 45,000 and made a cash distribution to the shareholderslan received $5,000 of this cash distribution in 2023. lan is in the 24% marginal tax bracket and 15% dividend rate in both 2022 and 2023. How much income tax did lan save for 2022 as a result of his share of loss from this corporation and how much income tax does lan pay as a result of his ownership in the corporation for 2023? zero tax savings in 2022 and $750 tax in 2023 zero tax savings in 2022 and 53, 360tax in 2023 2.520 tax savings in 2022 and $2,550 tax in 2023 $ 2.940 tax savings in 2022 and $ 3,780 tax in 2023
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