A closely held c corporation that is not a psc has 40000
Hummingbird Corporation, a closely held C corporation that is not a PSC, has $40,000 of net active income, $15,000 of portfolio income, and a $45,000 loss from a passive activity.
Compute Hummingbird's taxable income for the year.
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hummingbird corporation a closely held c corporation that is not a psc has 40000 of net active income 15000 of
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