Monday, 18 November 2019

Margaret, a married taxpayer filing a joint return, engaged in two business activities this year. Business A

Margaret, a married taxpayer filing a joint return, engaged in two business activities this year. Business A earned $470,000 of profit. Business B incurred a loss of $(995,000). How much of Margaret's net business loss is not currently deductible? (Negative amount should be entered with a minus sign.)

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