Margaret, a married taxpayer filing a joint return, engaged in two business activities this year. Business A earned $470,000 of profit. Business B incurred a loss of $(995,000). Required: How much of Margaret's net business loss is not currently deductible if the year is 2018, 2019, or 2020
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Margaret, a married taxpayer filing a joint return, engaged in two business activities this year. Bu...
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