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Question 1 of 30. Jadyn, a shareholder-employee in an S corporation, received a...

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Accounting

Question 1 of 30.
Jadyn, a shareholder-employee in an S corporation, received a Schedule K-1 showing a $10,000 ordinary loss in box 1. That loss was limited by
his basis in the $ corporation, and he was only able to deduct $4,000 on his tax return. What will happen to the remaining $6,000 loss?
It will be lost because he was unable to deduct it in the year the loss occurred.
It will be carried back for up to two years.
It will be carried forward until he is able to deduct the loss.
It will be deducted as a capital loss from an investment.
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