What limitations apply to the amount of loss pass-through an S corporation shareholder can deduct? What happens

Question:

What limitations apply to the amount of loss pass-through an S shareholder can deduct? What happens to any losses exceeding this limitation? What happens to losses if the shareholder transfers his or her stock?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...