In Completing a Schedule M-1 of Form 1120,the Excess of Capital

question 41

Essay

In completing a Schedule M-1 of Form 1120,the excess of capital losses over capital gains is added to net income per books to arrive at taxable income.Why?

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Definitions:

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The absence of tariffs, quotas, and other regulatory barriers to trade between countries, allowing for the unrestricted exchange of goods and services.