The limitation on the deductibility of business interest expense does not apply to taxpayers whose average gross receipts for the three preceding years is less than $26 million in 2019.

Name: The limitation on the deductibility of business interest expense does not apply to taxpayers whose average gross receipts for the three preceding years is less than $26 million in 2019.
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This is stated in Section 163(j)(3)(A) of the Internal Revenue Code.

The Limitation on the Deductibility of Business Interest Expense Does