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1.Win owns two separate unincorporated businesses and files a joint return for the year with Spouse. Win has a gaming business that has $600,000 of
1.Win owns two separate unincorporated businesses and files a joint return for the year with Spouse. Win has a gaming business that has $600,000 of income and $200,000 of deductions for the year, but Win's additional restaurant business has $500,000 of income and $1.5 million of deductions for the year.
(a)To what extent may Win deduct the losses?
(d)What result in (a), above, if in addition Win owns a real estate business that has $300,000 of income and $200,000 of deductions for the year?
answer to d please
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