Beth and Bob Are Married Entrepreneurs

Multiple Choice

Beth and Bob are married entrepreneurs.Beth has a start-up sole proprietorship in which she works long hours.This year the business generated $500,000 of revenues and $800,000 of deductible business expenses.Bob is a partner in a new partnership,also working long hours.His share of the partnership loss for the year is $275,000.Fortunately,they both have trust funds so they are receiving $700,000 of taxable interest income and dividends in 2019.Due to this year's results,Beth and Bob will have an NOL carryover of

A) $0.
B) $575,000.
C) $325,000.
D) $65,000.