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Lakeland Florida Form 1120 (Schedule M-3): What You Should Know
In other words, the corporation's net income (loss) is re-calculated to reflect net federal income taxes and then deducted from any taxes assessed on the corporation's federal taxable income. By USD Cents — 6. Capital gain (loss) carryover (attach schedule) 6. Schedule C By USD Cents — 5. Capital gain tax credit (attach schedule) 5. 10. Excess tax credit (Attach schedule) 10. Section 1052 deduction for business investment losses (Attach schedule) 10. Other Schedule C attachments, (Attach schedule) Instructions for Schedule M-3 (Form 1120-S) — Regina.
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