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In 2021, Cindy files as single. She operates a sole proprietorship in which she materially participates. Her proprietorship generates gross income of $225,000 and deductions
In 2021, Cindy files as single. She operates a sole proprietorship in which she materially participates. Her proprietorship generates gross income of $225,000 and deductions of $525,000, resulting in a loss of $300,000. What is Cindys business loss for the year?
$41,000 | ||
Some other amount | ||
$30,000 | ||
$300,000 | ||
$250,000 |
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