The dividends received deduction may be subject to a limitation based on a percentage of taxable income computed without regard to the NOL deduction, the domestic production activities deduction, the dividends received deduction, and any capital loss carryback to the current tax year.

Question

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The statement is true. The dividends received deduction may be subject to a limitation based on a percentage of taxable income computed without regard to certain deductions and carrybacks.

The Dividends Received Deduction May Be Subject to a Limitation