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Concerning the business interest expense deduction, which of the following statements is true? Multiple Choice O Disallowed interest expense can be carried forward indefinitely The

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Concerning the business interest expense deduction, which of the following statements is true? Multiple Choice O Disallowed interest expense can be carried forward indefinitely The interest expense limitation does not apply to a business with receipts under $31 million Adjusted taxable income is equal to taxable income before business interest expense O The interest expense deduction cannot exceed 35% of adjusted taxable income

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