Raina Owns 100% of Tribo Inc

question 67

Multiple Choice

Raina owns 100% of Tribo Inc., an S corporation. She started the business this year with a $100,000 capital contribution. In addition, the business borrowed $50,000 from the bank which she had to guarantee. Tribo incurred a first year operating loss of $170,000. Raina will deduct an ordinarly loss this year of

• A)$170,000.
• B)$100,000.
• C)$150,000.
• D)$0.

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