Page 801 - Large Business IRS Training Guides

Form 1040 Example – Section 965(i)
Election

• The facts
are the same as the section 965(h) example

does not include the $160,164 net tax liability
• The taxpayer
section 965 on line 44
under

• Only
the net tax liability outside of section 965 of $119,718

and included on line 63 (total
is assessed (TC150 posting)
tax)

123