Don Juan, a single taxpayer, is the sole owner of DJ$\text{'}$s Incorporated, an S Corporation. In $2023,$ DJ$\text{'}$s Incorporated incurred a massive $$600,000$ business loss, all of which is allocable to Don Juan as the sole shareholder. Assume that the $$600,000$ loss is not limited by the basis, at$-$risk, or passive loss rules, and that Don Juan has no other business income or business losses. How much of the $$600,000$ loss will Don Juan be able to deduct this year? What happens to any loss not deducted this year?