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[Problem 6] [12 points). Jyn Erso is the president of Rogue One Manufacturing and owns 40% of its stock. Rogue One is organized as an
[Problem 6] [12 points). Jyn Erso is the president of Rogue One Manufacturing and owns 40% of its stock. Rogue One is organized as an Scorporation. During 2020, Rogue One has a loss of $200,000. At the beginning of 2020, Jyn Erso's amount at-risk in Rogue One is $50,000. In 2021, Rogue One has a taxable income of $100,000. Determine Jyn Erso's (1) deduction amount and (2) the ending balance of amount at-risk for 2020 and 2021, respectively. THE END [Problem 6] [12 points). Jyn Erso is the president of Rogue One Manufacturing and owns 40% of its stock. Rogue One is organized as an Scorporation. During 2020, Rogue One has a loss of $200,000. At the beginning of 2020, Jyn Erso's amount at-risk in Rogue One is $50,000. In 2021, Rogue One has a taxable income of $100,000. Determine Jyn Erso's (1) deduction amount and (2) the ending balance of amount at-risk for 2020 and 2021, respectively. THE END
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