excess business loss
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:In 2022, Natasha Romanoff is married and files a joint return. She operates a sole proprietorship in which she materially participates. Her proprietorship generates gross income of $225.000
and deductions of $525,000, resulting in a loss of $300,000. What is Natasha's excess business loss for the year?
0.5-0.
Ob1300,000
Oc$250,000
Od$30,000
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