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Remove Certain Gains,losses,and Deductions from Each Member's Taxable Income Since

Question 60

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Remove certain gains,losses,and deductions from each member's taxable income since they must be computed on a consolidated basis (e.g. ,NOLs,capital gains and losses,Sec.1231 gains and losses,charitable contribution deductions,dividends-received deduction,percentage depletion under Sec.613A).

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In the context of U.S. federal income ta...

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