Which of the following is not an adjustment to taxable income when computing the personal holding company tax?
A)dividends-received deduction
B)dividends-paid deduction
C)NOL carryover from immediately preceding tax year
D)All of the above are adjustments.

Question

Quizplus · Accepted Answer

All of the options listed are adjustments to taxable income when computing the personal holding company (PHC) tax. The dividends-received deduction, dividends-paid deduction, and NOL carryover from the immediately preceding tax year are all considered when adjusting taxable income for PHC tax purposes.

Which of the Following Is Not an Adjustment to Taxable