Answer:
Don Juan is sole business owner and his loss in excess to the minimum threshold amount is $250,000. So Don Juan may deduct the amount $350,000 in terms of loss.
If Don Juan does not deduct the loss this year, it would be carried forward to next fiscal statement
Explanation:
Part 1. The calculation is made as below
Excess of business loss ($600,000) – (other business income + Threshold amount ($250,000))
The minimum threshold amount is deductible from the Tax comes out to be $350,000
Part 2. The loss is reflected in next year’s tax statement as net operating loss and can be carried forward. So if Don Juan miss the loss deduction claim, he can do it next year.
Really you just gonna spam me unbelievable...-_-
Answer:
2no I think you are confused so