In 2018, Cindy 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 Cindy's excess business loss for the year?
A) $-0-.
B) $30,000.
C) $250,000.
D) $280,000.
E) None of the above.
Correct Answer:
Verified
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