In 2018, Cindy is married and files a joint return. She operates a sole proprietorship in which she materially participates. Her proprietorship generates gross income of $225,000 and deductions of $525,000, resulting in a loss of $300,000. What is Cindy's excess business loss for the year?
a. $250,000.
b. $280,000.
c. $-0-.
d. $30,000.
e. None of these choices are correct.
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