Tyrone is the president of JWH Manufacturing and owns 30% of its stock. JWH is organized as an S corporation. During 2018, JWH has a loss of $240,000. At the beginning of 2018, Tyrone's amount at-risk in JWH is $60,000.
a.What is Tyrone' deductible loss in 2018? What is Tyrone's at-risk amount at the end of 2018?
b.In 2019, JWH has a taxable income of $100,000. What is the effect on Tyrone's 2019 income? What is Tyrone's at-risk amount at the end of 2019??

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The Answer of Tyrone is the president of JWH Manufacturing and owns 30% of its stock. JWH is organized as an S corporation. During 2018, JWH has a loss of $240,000. At the beginning of 2018, Tyrone's amount at-risk in JWH is $60,000.
a.What is Tyrone' deductible loss in 2018? What is Tyrone's at-risk amount at the end of 2018?
b.In 2019, JWH has a taxable income of $100,000. What is the effect on Tyrone's 2019 income? What is Tyrone's at-risk amount at the end of 2019??

Tyrone Is the President of JWH Manufacturing and Owns 30