When an S corporation shareholder has suspended losses due to the tax basis or at-risk limitation, is

Question:

When an S shareholder has suspended losses due to the tax basis or at-risk limitation, is he allowed to deduct the losses if the S status is terminated? Why or why not?
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...