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Technical

Ordinary Deduction for Worthless QSub Stock Logo aicpa

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  Eric Mauner, CPA |   Free |   AICPA |   01 May 2016 |   Tax Adviser Magazine
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Restructuring an existing QSub in an attempt to qualify for an ordinary deduction is prohibited and might result in an unfavorable deferral of loss. This article explains.

Topics covered:
  • Tax: Technical: S corporation income taxation, Intermediate

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