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Business, 12.11.2019 21:31 herchellann302

In 2019, theo, a single taxpayer, operates a sole proprietorship in which he materially participates. his proprietorship generates gross income of $320,000 and deductions of $600,000, resulting is a loss of $280,000. the large deductions are due to the acquisition of equipment and the use of immediate expense and additional first-year depreciation to deduct all of the acquisitions. what is theo's excess business loss for the year?
a.$25,000.
b.$250,000.
c.$280,000
d.$-0-.
e. none of these choices are correct.

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