Adjusted taxable income for calculating the business interest limitation is defined as taxable income of the taxpayer computed without regard to any item of income, gain, deduction, or loss that is not properly allocable to a trade or business.

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Adjusted taxable income for calculating the business interest limitation is defined as taxable income computed without regard to certain items such as business interest expense, business interest income, net operating losses, and certain depreciation, amortization, or depletion.

Adjusted Taxable Income for Calculating the Business Interest Limitation Is