During the current year, Kyle, who is married, reports the following income/loss from his business activities: B (Click the icon to view the income/loss amounts.) Requirement What is the amount of Kyle's excess business loss? How is the excess business loss treated? Data Table What is the amount of Kyle's excess business loss? $ 8,000,000 Kyle's excess business loss is Gross income from sole proprietorship Gross expenses from sole proprietorship Income from HIJ Partnership (Kyle is a general partner) Loss from TUV Partnership (Kyle is a general partner) (7,575,000 145,000 How is the excess business loss treated? (1,250,000 A. The excess business loss is deducted in the current year. OB. The excess business loss will be carried back 2 years. OC. The excess business loss is added to the NOL carryforward generated for the current year. OD. The excess business loss is subtracted from the NOL carryforward generated for the current year. Print Done During the current year, Kyle, who is married, reports the following income/loss from his business activities: (Click the icon to view the income/loss amounts.) Requirement What is the amount of Kyle's excess business loss? How is the excess business loss treated? What is the amount of Kyle's excess business loss? Kyle's excess business loss is How is the excess business loss treated? O A. The excess business loss is deducted in the current year. B. The excess business loss will be carried back 2 years. OC. The excess business loss is added to the NOL carryforward generated for the current year. OD. The excess business loss is subtracted from the NOL carryforward generated for the current year