What amount of the separately stated long-term capital loss


Question: Boudreaux, an individual, is a shareholder in Daniels Corporation, an S Corporation. At the beginning of the year of 2023, Boudreaux has a $15,000 basis in her stock in Daniels Corporation and a $10,000 loan (debt) basis to Daniels Corporation. For the year of 2023, Boudreaux's share of Daniels Corporation's Nonseparately Stated Loss was $30,000 and Boudreaux's share of Daniels Corporation's Separately Stated Long- Term Capital Loss was $10,000. What amount of the Separately Stated Long-Term Capital Loss of Daniels Corporation can Boudreaux deduct on her personal Federal Income Tax Return (Form 1040) for the year of 2023? O $15,000. O $18,750. $25,000. O $ 6,250.

 

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Accounting Basics: What amount of the separately stated long-term capital loss
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