Tina, a single taxpayer, owns 100% of Rocket Corporation, an S corporation. She has an $80,000 stock basis for her investment on January 1 of the current year (Year 1). During the first 11 months of Year 1, Rocket reports an ordinary loss of $100,000. The corporation expects an additional $20,000 loss for December. Tina earns $295,000 of ordinary income from her other activities in Year 1. She expects her other income to decline to $125,000 in Year 2 and continue at that level in future years. The corporation expects Year 2 losses to be only $20,000. Rocket projects a $35,000 profit for Year 3 and each of the subsequent four years. What advice can you offer Tina about using her Rocket losses and retaining S corporation status in future years? How would your answer change if Tina expected her income from other activities to be $75,000 in Year 1 and $295,000 in Year 2?