PI:9-59 (book/static) During the current year, Kenneth, who is married, reports the following income/loss from his business activities: B (Click the icon to view the income/loss amounts.) Requirement What is the amount of Kenneth's excess business loss? How is the excess business loss treated? What is the amount of Kenneth's excess business loss? Kenneth's excess business loss is i Data Table $ Gross income from sole proprietorship Gross expenses from sole proprietorship Income from ABC Partnership (Kenneth is a general partner) Loss from XYZ Partnership (Kenneth is a general partner) 7,850,000 (7,775,000) 120,000 (1,300,000) Print Done