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- Form 8992 GILTI is loss Part II Line 3
Form 8992 GILTI is loss Part II Line 3
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taxgirl
Level 1
03-21-2019
01:22 PM
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Net Tested Income = 42,024
Pro rata share QBAI 10% = 122,734
Part II line 3 GILTI loss = -80,710
Should I limit the loss that flows to line 21 of individual taxpayer?
This is a CFC that is 50% owned by us citizen taxpayer. CFC is not own by United States corporation
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