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(Solved): Sandra is preparing taxes for her clients S corporation which had 1374 built-in gain in the mos ...



Sandra is preparing taxes for her client’s S corporation which had §1374 built-in gain in the most recent tax year. She has correctly applied the highest regular corporate rate to the net recognized built-in gain. However, in figuring the tax, the one credit she can use against this §1374 tax would be:



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