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D CORPORATION HAS BOOK INCOME OF 500,000 BEFORE FEDERAL TAXES. EXPENSES ORGANIZATIONAL COSTS IN YEAR INCURRED FOR BOOK PURPOSES OVER 15 YEAR FOR TAX PURPOSES

D CORPORATION HAS BOOK INCOME OF 500,000 BEFORE FEDERAL TAXES. EXPENSES ORGANIZATIONAL COSTS IN YEAR INCURRED FOR BOOK PURPOSES OVER 15 YEAR FOR TAX PURPOSES

. CORPORATION WAS ORGANIZED THIS YEAR AND HAD 90,000 OF ORGANIZATIONAL COSTS, WHAT IS TAXABLE INCOME FOR SCHEDULE M1

416000

506000

584000

590000

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