What is the amount of the nol that flows through to wren, Accounting Basics

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What is the amount of the nol that flows through to wren

Question: Swallow, Inc., a calendar year S corporation, has an operating loss of $120,000 and a long-term capital loss of $40,000. Wren, an individual, owns 40% of the corporate stock and has a $40,000 basis in the stock. What is the amount of the NOL that flows through to Wren? Group of answer choices $46,000. $30,000. $64,000. $16,000.

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Accounting Basics: What is the amount of the nol that flows through to wren

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