Congress has added an additional statutory limitation for any "excess business loss" incurred in years after 2020. A noncorporate taxpayer combines all of the taxpayer's trade or business income and gain and all those deductions. If the deductions combined exceed the income and gain by more than $250,000 (or $500,000 in the case of a joint return), the excess loss is not deductible in the current year, and the excess is carried over and treated as a net operating loss in the subsequent year. 1. Win owns two separate unincorporated businesses and files a joint return for the year with Spouse. Win has a gaming business that has $600,000 of income and $200,000 of deductions for the year, but Win's additional restaurant business has $500,000 of income and $1.5 million of deductions for the year. (A)To what extent may Win deduct the losses? (B)What happens to any nondeductible losses in (a), above? (C) What result in (a), above, if Win does not materially participate in the restaurant business