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Rodgers, Inc., a calendar year S corporation, is partly owned by Mohammed, whose beginning stock basis is $50,000. During the year, Mohammed's share of
Rodgers, Inc., a calendar year S corporation, is partly owned by Mohammed, whose beginning stock basis is $50,000. During the year, Mohammed's share of a Rodgers short-term capital gain is $10,000, and his share of an ordinary loss is $45,000. Mohammed then receives a $35,000 cash distribution. How much of the loss may Mohammed deduct in the current year? Answer: $
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