At the beginning of 2012 Lindsey Cartwell had a -0- basis in her 43shares of sto

At the beginning of 2012 Lindsey Cartwell had a -0- basis in her 43shares of stockin Blackstone an S corporation. Originally Lindsey had paid $53 per share. In an earlier year Lindsey loaned Blackstone $5000 but by the beginning of 2012 Lindseys basis in the note was -0-. Lindsey also has an $8000 ordinary loss carryforward from Blackstone that she has not been able to deduct because of the basis limitation. By the end of 2012 Lindsey was notified that Blackstone was bankrupt and would be defaulting on its debt to her. Lindseys 43 shares in Blackstone are worthless. Lindsey wants to know how much she can deduct on her 2012 return.