Page 157 - Large Business IRS Training Guides
P. 157
Allocation Rules
Excepted vs. Non-Excepted-Example 4
900,000
Interest from Non-Excepted TOB: $400,000
Less: Disallowed Business Interest Expense ($100,000)
Plus: Interest from Excepted TOB $600,000 87
Total Interest Deduction: $900,000
