Question: Max, a single taxpayer, has a $ 3 2 0 , 0 0 0 loss from his sole proprietorship in 2 0 2 4 .

Max, a single taxpayer, has a $320,000 loss from his sole proprietorship in 2024. How much of this loss is not deductible after considering the excess business loss rules?
Multiple Choice
$320,000
$305,000
$15,000
$0
None of the choices are correct.

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