In 2015, Loftis, Inc., a calendar year taxpayer, has QPAI of $4.5 million and taxable income of
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The formula is 9 Lesser of 1 Qualified production activities income QPAI or 2 Taxable or modified a...View the full answer
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Related Book For
South Western Federal Taxation 2016 Comprehensive
ISBN: 9781305395114
39th Edition
Authors: James H. Boyd, William H. Jr. Hoffman, David M. Maloney, William A. Raabe, James C. Young
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