Business, 14.11.2019 07:31, miajustina123

Ashareholder purchases 30 percent of the stock of an s corporation two-thirds of the way through the year for $20,000. the s corporation incurs an operating loss of $300,000 for the year. what the amount that the shareholder may deduct on his personal income tax return, assuming the at-risk and passive activity rules do not apply?

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Ashareholder purchases 30 percent of the stock of an s corporation two-thirds of the way through the...