Tim, a single taxpayer, operates a business as a single-member llc. in 2018, his llc reports business income of $394,000 and business deductions of $689,500, resulting in a loss of $295,500. what are the implications of this business loss?

tim has an excess business loss of $

can this business loss be used to offset other income that tim reports? if so, how much? if not, what happens to the loss?

tim may use $ of the $295,500 llc business loss, to offset nonbusiness income . the excess business loss is treated as part of tim's nol carryforward .

According to ceo heidi ganahl, camp bow wow requires a strong and consistent corporate culture to keep all local franchise owners "on the same page" and to follow a common template for the business and brand. this culture could become detrimental over time because: (a) strong consistent cultures are inflexible and incapable of adapting to environmental change (b) strong consistent cultures are too flexible and capable of adapting to environmental change (c) strong consistent cultures don’t perform well in any environment (d) the passing of time provides stability and predictability for businesses