Which items would be deducted on their schedule m-1


Problem: Green Corporation, a calendar year and accrual method taxpayer, has some questions on their schedule M-1. Specifically, they are wondering which of the following items would be "Deducted" on their Schedule M-1? (Check all that apply) Life insurance proceeds received as a result of death of corporate president Federal income tax per books Excess of capital losses over capital gains Tax-exempt interest income

 

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Other Subject: Which items would be deducted on their schedule m-1
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