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when doing an accrual method book and accrual method tax return, why do we add back current year state taxes back into income and reduce
when doing an accrual method book and accrual method tax return, why do we add back current year state taxes back into income and reduce income by prior year state taxes paid on the m1 adjustment? is there a reason we add CY state tax to increase income and reduce taxable income by prior year state tax paid? THIS IS FOR M1 adjustments.
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