Laurie Is a 70% Shareholder in Martin Ltd

Laurie is a 70% shareholder in Martin Ltd., a calendar year S corporation. As of January 1, 2017, Laurie's basis in her stock investment was $400,000. During 2017, she made an additional capital contribution to Martin of $90,000 and also loaned the corporation $80,000. During 2017, Martin Ltd. had an operating loss of $900,000. One of the results of these transactions as to 2017 is that:

A) Laurie can recognize a loss of $400,000.
B) Laurie can recognize a loss of $490,000.
C) Laurie can recognize a loss of $630,000.
D) As of January 1, 2018, Laurie's basis in her stock is a negative $60,000.
E) None of the above.