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Describe the key concepts of allocation and apportionment in the taxation of the net income of a multistate business.

Describe the key concepts of allocation and apportionment in the taxation of the net income of a multistate business.

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A Allocation and apportionment of interest expense In general Any expense that is deductible under section 163 including original issuediscount constitutes interest expense for purposes of this sectio... blur-text-image

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