Question: Amos began a business, Silver LLC ( a single - member LLC ) , on July 1 , 2 0 2 0 . The business

Amos began a business, Silver LLC (a single-member LLC), on July 1,2020. The business extracts and processes silver ore. During 2023, as a result of a decline in demand for silver ore, Amos expects to generate a large loss.
Identify which of the following are relevant tax issues for Amos. Select either "Yes, a tax issue" or "Not a tax issue".
- Will the loss be subject to the excess business loss rules?
- Will the loss generate a net operating loss for Amos?
Amos began a business, Silver LLC ( a single -

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