Question - Stahl, an individual who owns 100% of Talon, an S corporation, had a basis of $50,000 at the first of the year. During the year Talon reported the following: Ordinary Loss of $10,000; Muncipal interest income of $8,000, Long term capital gain of $4,000; and Long term capital loss of $9,000. What was Stahl's basis in Talon at year end?
A) $43,000
B) $56,000
C) $53,000
D) $65,000