Page 443 - Large Business IRS Training Guides
P. 443
Lesson Summary
5
At
this point, you should be able to:
FDII terminology
• Define the relevant
• Determine the proper
treatment for different types of
as FDII or not?)
income (does it qualify
rules and necessary steps in a
• Determine applicable FDII
of situations
variety
• Describe FDII documentation requirements
in various scenarios
• Apply the steps to compute FDII
• Examine Form 8993 to determine allowable deduction
under
IRC 250
74
