Brady is starting a new business where he will be the only owner. He would like to have limited liability, but he would prefer flow$-$through taxation because he expects to have losses in the first few years. He is not concerned about incurring self$-$employment taxes. He does not want to have to file a separate tax return for the entity. Which of the following entities would best suit Brady$$s needs?

A$.$Partnership

B$.$Single$-$member LLC

C$.$S corporation

D$.$Proprietorship

Which of the following is not a disallowed loss?

A$.$Losses on the sale of personal use assets.

B$.$Losses on the subsequent sale of property gifted or sold to a related party when its fair market value is less than the original owner's adjusted basis.

C$.$Loss from a wash sale.

D$.$Capital losses in excess of $$3,000.$