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Max, a single taxpayer, has a $270,000 loss from his sole proprietorship in 2021. How much of this loss is not deductible after considering the

Max, a single taxpayer, has a $270,000 loss from his sole proprietorship in 2021. How much of this loss is not deductible after considering the excess business loss rules?

Multiple Choice

A. $270,000

B. $262,000

C. $8,000

D. $0

None of the choices are correct.

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