Suppose Clampett, Incorporated, terminated its S election on August 28, 2020. At the end of the S corporation's short tax year ending on August 28, J. D.'s stock basis and at-risk amounts were both zero (he has never had debt basis), and he had a suspended loss of $20,350. In 2021, J. D. made additional capital contributions of $5,350 on March 15 and $13,050 on September 20. How much loss may J. D. deduct in 2021

$5,350

Explanation:

Based on the information given we were told that In the year 2021, J.D. made additional capital contributions of the amount of $5,350 on March 15 which simply means that J.D. can only deduct losses of the amount of $5,350 which was the additional capital contributions that was made on March 15.

Therefore How much loss may J.D. deduct in 2021 is $5,350

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%

answer(b) partnership';