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Author Question: Small Corporation had the following capital gains and losses during the current year: Taxable ... (Read 81 times)

RODY.ELKHALIL

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on: Sep 13, 2020

Question 1

Oak Corporation manufactures widgets in its factory in Houma, Louisiana.  Its taxable income (before the production deduction) is $200,000 and its net income from qualified production activities is $180,000. What is the amount of Oak Corporation's qualified production activities deduction?

Question 2

Small Corporation had the following capital gains and losses during the current year:


Taxable income, exclusive of the capital gains and losses above, is $68,000.

a. How should the capital gains and losses be treated for the current year?
b. What is the taxable income for the current year taking into consideration the capital gains and losses?
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by RODY.ELKHALIL on Sep 13, 2020

bitingbit

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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RODY.ELKHALIL

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Reply 2 on: Sep 13, 2020
Thanks for the timely response, appreciate it

kusterl

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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