The dividends received deduction is an adjustment on the Schedule M 1 a True b False The ABC Corporations depreciation for tax purposes was $100,000 Its depreciation for book purposes was $120,000 This item will be an addition on Schedule M 1 a True b False One of the purposes of the qualified business income deduction is to increase taxes on businesses that are operating in non corporate business forms (e g , sole proprietors, partnerships, and S corporations) True False

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Question: The dividends received deduction is an adjustment on the Schedule M-1. a. True. b. False. The ABC Corporations depreciation for tax purposes was $100,000. Its

The dividends received deduction is an adjustment on the Schedule M-1.

		a. True.
		b. False.

The ABC Corporations depreciation for tax purposes was $100,000. Its depreciation for book purposes was $120,000. This item will be an addition on Schedule M-1.

		a. True.
		b. False.

One of the purposes of the qualified business income deduction is to increase taxes on businesses that are operating in non-corporate business forms (e.g., sole proprietors, partnerships, and S corporations).

True

False

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