In 2018, Cindy Is Married and Files a Joint Return

question 67

Multiple Choice

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.

---

Definitions:

Black Singers

Vocal artists of African descent, known for their influential contributions to various music genres, including jazz, gospel, R&B, and soul.

Civil Rights

The rights of citizens to political and social freedom and equality.

Libertarian Conservatives

A political ideology that combines conservative policies with libertarian principles, emphasizing limited government, personal freedom, and free-market capitalism.

Limited Government

A political ideology that advocates for minimal governmental intervention in personal liberties and the economy, emphasizing the importance of individual freedoms.