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In 2019, 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.$30,000. b.$280,000. c.$-0-. d.$250,000. e.None of these choices are correct.

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Karabo99

Answer:

c.$-0-

Explanation:

Excess Business loss = Aggregate business deductions - Aggregate business gross income - Threshold amount

                                    = 525,000  - 225,000 -  500,000

                                    = $0

Therefore, Cindy's excess business loss for the year is $0.

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