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Tax law provides for a variety of deductions that can be used by businesses or their owners (if the business is taxed at the ownership

Tax law provides for a variety of deductions that can be used by businesses or their owners (if the business is taxed at the ownership level). Which of the following deductions would be available only to C corporations and not to S corporations, partnerships, LLCs and their owners?

  1. Domestic production activities deduction
  2. Net operating loss carryforwards
  3. Dividends received deduction
  4. Section 179 expense deduction

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