The Dividends Received Deduction May Be Subject to a Limitation

question 95

True/False

The dividends received deduction may be subject to a limitation based on a percentage of taxable income computed without regard to the NOL deduction, the domestic production activities deduction, the dividends received deduction, and any capital loss carryback to the current tax year.

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Definitions:

Ambivalent

Experiencing conflicting emotions or thoughts towards a person or situation.

Acceptance-of-fate

The process of recognizing and resigning oneself to the outcomes of life without attempt to change or challenge them.

Planners

Individuals or tools engaged in the process of outlining strategies or actions for future activities.

Americans

Residents or citizens of the United States of America.