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Max, a single taxpayer has a $270000 loss from his sole proprietorship in 2021. How much of this loss is deductible in 2021 after considering

Max, a single taxpayer has a $270000 loss from his sole proprietorship in 2021. How much of this loss is deductible in 2021 after considering the excess business loss rules?

A. 270000

B. 262000

c. 8000

d. 0

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