In 2019, Theo, a Single Taxpayer, Operates a Sole Proprietorship

question 3

Multiple Choice

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)$-0-.
• B)$25,000.
• C)$250,000.
• D)$280,000
• E)None of these.

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