Solo owns $100\%$ of the stock in Cup Corporation, an S Corp. Solo's stock basis is $$45,000$ at the beginning of Year $1.$ During Year $1,$ Cup Corporation incurs an ordinary loss of $$50,000,$ and in Year $2$ Cup Corporation has $$10,000$ of income.

$\backslash$table$[[$What income$/($loss$)$ will Solo,$],[$report on his tax return in$,],[$Year $1?,]]$