Income that is included in net income per books but not included in taxable income is a subtraction item on Schedule
M-1.

Name: Income that is included in net income per books but not included in taxable income is a subtraction item on Schedule M-1.
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Schedule M-1 of the U.S. corporate tax return reconciles financial (book) income with taxable income, and income included in book income but not taxable income is subtracted on Schedule M-1 to reconcile the differences.

Income That Is Included in Net Income Per Books but Not