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Viktor [21]
3 years ago
15

In 2020, Theo, a single taxpayer, operates a sole proprietorship in which he materially participates. His proprietorship generat

es gross income of $320,000 and deductions of $600,000, resulting is a loss of $280,000. The large deductions are due to the acquisition of equipment and the use of immediate expense and additional first-year depreciation to deduct all of the acquisitions. What is Theo's excess business loss for the year
Business
1 answer:
tekilochka [14]3 years ago
4 0
FIEJFIE GIEDEIJF EKEE DE E FIR FIE FID FIE DIW AODNF F
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