Chandra was the sole shareholder of pet emporium, which was originally formed as an s corporation. when pet emporium terminated its s election on august 31, 2018, chandra had a stock basis and an at-risk amount of $0. chandra also had a suspended loss from pet emporium of $9,700. what amount of the suspended loss is chandra allowed to deduct, and what is her basis in her pet emporium stock at the end of the post-termination transition period under the following alternative scenarios (assume pet emporium files for an extension to file its tax returns)? (leave no answer blank. enter zero if applicable.) b. chandra makes capital contributions of $5,700 on september 1, 2019, and $5,700 on september 30, 2019.

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

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