QUESTION 25 Betty Corporation, a calendar year S Corporation, has an Operating Loss of $80,000 and a Long-Term Capital loss of $20,000 for the year of 2021. Nanette, an individual owns forty percent (40%) of the stock of Betty Corporation and has a $20,000 basis in her stock at the beginning of the year of 2021. What amount of the Long-Term Capital Loss can Nanette deduct on her personal Federal Income Tax Return (Form 1040) for the year of 2021? $20,000 $16.000 $ 8.000 O$ 4,000 QUESTION 23 During the year of 2021, Bradford Corporation, an S Corporation has a recognized Built-in Gain of $80,000 and Taxable income if it were a Regular (0) Corporation of 595,000. The Built-in Gains Tax (Section 1374 of the Internal Revenue Code) of Bradford Corporation for the year of 2021 is $33,250 $28,000 $61,250. $16,800