Examlex
If qualified production activities income (QPAI) cannot be used in the calculation of the domestic production activities deduction in 2012 because of the taxable income limitation, the product of the amount not allowed multiplied by 9% can be carried over for 5 years.
Q24: Father made an interest-free loan of $25,000
Q37: Under the Federal income tax formula for
Q48: Which of the following positions typically reports
Q59: For an expense to be deducted as
Q65: A direct transfer of funds from a
Q73: A deduction for parking and other traffic
Q80: Frank established a Roth IRA at age
Q89: Ben was diagnosed with a terminal illness.His
Q96: Rachel, who is in the 35% marginal
Q133: If a taxpayer does not own a