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Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
Edition 4ISBN: 978-0078110993Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
Edition 4ISBN: 978-0078110993 Exercise 7
Referring to the previous question, what is the treatment for the interest expense that Elizabeth could not deduct in 2010? a. It is lost.
B) It cannot be used except as a carry back to previous years.
C) It can be carried forward and deducted in succeeding years.
D) None of the above.
B) It cannot be used except as a carry back to previous years.
C) It can be carried forward and deducted in succeeding years.
D) None of the above.
Explanation
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Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
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