Corporate Taxable Income (1of3) Deductions and losses Capital gains and losses Depreciation recapture Business expenses Organizational costs Start-up costs 11
11 Corporate Taxable Income (1 of 3) Deductions and losses Capital gains and losses Depreciation recapture Business expenses Organizational costs Start-up costs
Corporate Taxable Income (2of3) lllll Accrued compensation Charitable contributions Dividends received deduction Net operating losses Sequencing charitable, DRD, and NOL deductions 12
12 Corporate Taxable Income (2 of 3) Accrued compensation Charitable contributions Dividends received deduction Net operating losses Sequencing charitable, DRD, and NOL deductions
Corporate Taxable Income (3of3) Shareholder transactions At-risk rule Tax computation PSCS 13
13 Corporate Taxable Income (3 of 3) Shareholder transactions At-risk rule Tax computation PSCs
Deductions and losses (1of3) No§212 deductions No personal exemptions No standard deduction Not subject to hobby loss limitations Not subject to investment interest limit 14
14 Deductions and Losses (1 of 3) No §212 deductions No personal exemptions No standard deduction Not subject to hobby loss limitations Not subject to investment interest limit
Deductions and losses (2of3) Public firms not subject to PAL limitation Amortization of organization costs Amortization of start-up costs Special dividends received deduction 15
15 Deductions and Losses (2 of 3) Public firms not subject to PAL limitation Amortization of organization costs Amortization of start-up costs Special dividends received deduction