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Which of the following statements is not true for tax years beginning after 2017? a. Affiliated corporations that file consolidated returns can take 100% dividends
Which of the following statements is not true for tax years beginning after 2017?
a. Affiliated corporations that file consolidated returns can take 100% dividends
received deduction.
b. The dividends received deduction for a small investment in an unrelated corporation
is 50%.
c. The dividends received deduction for a large investment in a corporation is 65%.
d. There is no income limitation on the dividends received deduction.
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