18 a calendar year c corporation has a 39000 nol in

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______ 18. A calendar year C corporation has a $39,000 NOL in 2009, but elects S status for 2010 and generates an NOL of $30,000 in 2010. At all times during 2010, the stock of the corporation was owned by the same 10 shareholders, each of whom owned 10% of the stock. Kris, one of the 10 shareholders, has an adjusted stock basis of $2,300 at the beginning of 2010. What amount of the loss, if any, is deductible by Kris in 2010?
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