Question: a . Connie has a $ 2 0 , 0 0 0 net loss from her unincorporated business ( a cattle ranch ) . She

a. Connie has a $20,000 net loss from her unincorporated business (a cattle ranch). She also received a $200,000 salary as an executive of a corporation.
Connie is to be audited. Individuals who have unincorporated businesses that produce tax losses are to get audited by the IRS.
a. Connie has a $20,000 net loss from her unincorporated business

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