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Max, a single taxpayer, has a $280,000 loss from his sole proprietorship in 2022. How much of this loss is deductible after considering the excess

Max, a single taxpayer, has a $280,000 loss from his sole proprietorship in 2022. How much of this loss is deductible after considering the excess business loss rules? *

$280,000

$270,000

$10,000

$0

None of the choices are correct.

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