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Margaret, a married taxpayer filing a joint return, engaged in two business activities this year. Business A earned $420,000 of profit Business B incurred a

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Margaret, a married taxpayer filing a joint return, engaged in two business activities this year. Business A earned $420,000 of profit Business B incurred a loss of $(995,000). Required: How much of Margarets net business loss is not currently deductible? Note: Negative amount should be entered with a minus sign. Margaret, a married taxpayer filing a joint return, engaged in two business activities this year. Business A earned $420,000 of profit Business B incurred a loss of $(995,000). Required: How much of Margarets net business loss is not currently deductible? Note: Negative amount should be entered with a minus sign

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