Osprey Corporation, an accrual basis taxpayer, reported taxable income for 2 0 2 3 and paid $
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Osprey Corporation, an accrual basis taxpayer, reported taxable income for and paid $ on its estimated state income tax for the year. During the company received a $ refund upon filing its state income tax return. The company filed its state income tax return in August and paid the $ state income tax due for
In December Osprey received a notice from the state tax commission that an additional $ of income tax was due for because of an error on the return. The company acknowledged the error in December and paid the additional $ tax in February
What is Osprey's Federal income tax deduction for state income taxes?
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