Page 166 - Large Business IRS Training Guides
P. 166

C Corporations - Carryforwards











               Current year business interest expense is


               deducted before disallowed business interest


               expense carryforwards, which are then


               deducted in the order of the year in which



               they were incurred, starting with the earliest


               year, subject to certain limitations.























                                                                                                                                     96
   161   162   163   164   165   166   167   168   169   170   171