George4Tacks
Level 15
04-12-2021
09:53 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Code AC. Gross receipts for section 448(c)
Use the gross receipts amount to figure the business interest expense you can deduct, if applicable. See section 163(j) and the Instructions for Form 8990 for details.
Here's wishing you many Happy Returns