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Max, a single taxpayer, has a $270,000 loss from his sole proprietorship. How much of this loss is deductible after considering the excess business loss

Max, a single taxpayer, has a $270,000 loss from his sole proprietorship. How much of this loss is deductible after considering the excess business loss rules?

a. $270,000.

b. $255,000.

c. $15,000.

d. $0.

e. None of the choices are correct.

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