Which of the following is deductible in calculating DRD modified taxable income?
A)Charitable contribution deduction.
B)Net capital loss carrybacks.
C)NOL carryovers.
D)Dividends received deduction.

Question

Quizplus · Accepted Answer

Charitable contribution deductions are deductible in calculating Dividends Received Deduction (DRD) modified taxable income, as they are generally allowed in determining taxable income before the DRD is applied.

Which of the Following Is Deductible in Calculating DRD Modified