“Disqualified loss” means the sum of the following amounts, exclusive of net gains from the sale or exchange of capital or business assets and exclusive of net profits:
(a)#
Net loss from sole proprietorships.
(b)#
Net capital loss.
(c)#
Net loss from sales of business property, excluding loss from involuntary conversions.
(d)#
Net loss from rental real estate, royalties, partnerships, tax-option S corporations, trusts, estates, and real estate mortgage investment conduits.
(e)#
Net farm loss.