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Can someone give an example (problem) of a deductible item on book income? For instance, income from life insurance. can you provide actual numbers showing
Can someone give an example (problem) of a deductible item on book income? For instance, income from life insurance. can you provide actual numbers showing the computation for book and income tax and how theres a difference in reporting it.
The topic is Book-Tax difference and i do not understand the process when an item is deductible on book income or even tax income.
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