Question: 5 . 1 2 0 2 4 , Theo, a single taxpayer, operates a sole proprietorship in which he materially participates. His proprietorship lentrates gross

5.12024, Theo, a single taxpayer, operates a sole proprietorship in which he materially participates. His proprietorship lentrates gross income of $320,000 and deductions of $630,000, resulting in a loss of 5310,000. The large deductions are du to the acquisition of equipo, and deductions mediate expense and additional first-year depreciation to deduct all of the acquisitions. What is Theo's excess business loss for the year?
c. $305,000. d. $310,000.

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