QUESTION $22$ Nanette Corporation, a calendar year $S$ Corporation has an Operating Loss of $$80,000$ and a LongTerm Capital Loss of $$20,000$ for the year of $2020.$ Savannah, an individual owns forty percent $(40\%)$ of the stock of Nanette Corporation and has a $$25,000$ basis in her stock at the beginning of the year of $2020$ What amount of the Operating Loss can Savannah deduct on her personal Federal Income Tax Return $($Form $1040)$ for the year of $2020?$

$$20,000525000532,000540\mathrm{.}000$