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Tax Final
Federal taxation
Question | Answer |
---|---|
Dividends Received (FT) | INDIVIDUAL return: -c corp LT @ t_g: don't net with NCG/L -FT (sole-p, ptr, s corp) aka "WD": exclude from GI, not taxed b/c already paid tax on NOI |
Dividends Received (c corp) | C CORP from c corp: -GI exluded if non-domestic -GI included from domestic; t_ord on (Div - %*Div) -Div Received Ded: deduct % if own.. (70%)...1-19% (80%) Div...20-79% (100%) Div..80-100% |
Dividends Paid | Can't deduct only affects CF |