Malone Post, a single taxpayer, is the sole owner, of DJs Inc., an S corporation. In 2022, DJs Inc. incurred a massive $600,000 business loss, all of which is allocable to Malone Post as the sole shareholder. Assume that the $600,000 loss is not limited by the basis, at-risk, or passive loss rules and that Malone Post has no other business income or business losses.

b. If relevant, can any excess business loss be carried forward next year to Malone Posts tax return?

c. If relevant, what is the amount of Malone Posts excess business loss carryforward?

d. If Malone was married, how much of his $600,000 business loss would he be able to deduct this year?

e. If Malone was married, how much of his $600,000 business loss, if any, would he have to carryover to next year?