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For the following, indicate if the items are fully taxable, partially taxable, or nontaxable for regular tax purposes on Reliant Corp.'s 2017 federal income tax
For the following, indicate if the items are fully taxable, partially taxable, or nontaxable for regular tax purposes on Reliant Corp.'s 2017 federal income tax return. All transactions occurred during 2017. Selections F. Fully taxable for regular tax purposes on Reliant's 2017 federal income tax return. P. Partially taxable for regular tax purposes on Reliant's 2017 federal income tax return. N. Nontaxable for regular tax purposes on Reliant's 2017 federal income tax return. Items are based on the following: Reliant filed an amended federal income tax return for 2015 and received a refund in 2017 that included both the overpayment of the federal taxes and interest
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