Page 381 - Large Business IRS Training Guides

Lesson Objectives

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you should be able to:
After this lesson,

terminology
• Define the relevant FDII

• Determine the proper treatment
for different types of

qualify as FDII or not?)
income (does it

• Determine
applicable FDII rules and necessary steps in a

variety
of situations

documentation requirements
• Describe FDII

• Apply the steps
to compute FDII in various scenarios

• Examine Form 8993 to determine allowable deduction

under IRC 250

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