Why does https://bradfordtaxinstitute.com/Content/179-Against-W2-Income.aspx say that this is possible? I thought you can't write off an amount larger than the business income?
Also see:
https://www.cchwebsites.com/content/taxguide/text/c60s15d575.php
https://www.law.cornell.edu/cfr/text/26/1.179-2#c
