Which of the following taxpayers is subject to the excess business loss limitation? Holly, who is married filing a joint return and incurred a $(575,000) business loss this year. Stampede Partnership, which incurred a $(870,000) business loss this year. Bling Corporation, which incurred a $(1 million) business loss this year. Lance, a single individual, who is a 50 percent partner in QT Partnership. This year, QT incurred a business loss of $(400,000). A painting held by the artist is what type of asset? Ordinary Investment Capital Section 1231