Which of these items is not an adjustment to taxable income to compute current E&P?
A) Dividends received deduction
B) Tax-exempt income
C) Net capital loss carryforward from the prior year tax return
D) All of the above are adjustments

Question

Quizplus · Accepted Answer

The dividends received deduction, tax exempt income, and a net capital loss carryforward are all adjustments to taxable income when computing current E&P.

Which of These Items Is Not an Adjustment to Taxable