Tom owns​ 100% of Hammer ​Corporation, an S corporation. Tom has a $100,000 stock basis on January 1. Tom actively participates in Hammer​'s business. Hammer​'s operating results were not good in the current​ year, with the corporation reporting an ordinary loss of $175,000. The size of the loss required Tom to lend Hammer $50,000 on August 10 of the current year to provide funds needed for operations. The loan is secured by a Hammer Corporation note. Hammer rebounds during the next year and reports ordinary income of $60,000. Hammer repays the $50,000 note on December 15. Required:
a. What amount of Hammer's current year loss can Tom deduct on his income tax return?
b. What is Tom's basis for the Hammer stock and note at the end of the loss year?
c. What income and deductions will Tom report next year from Hammer's activities and the loan repayment?

b. a single paragraph.

a paragraph is a series of sentences that are organized and make sense, and are all related to a single topic . almost every piece of writing you do that is longer than a few sentences should be organized into paragraphs. this is because paragraphs show a reader where the subdivisions of an essay begin and end, and thus the reader see the organization of the essay into subjects in order to be able to understand its main points.

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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