Screen PC-2 - Taxable Income Section 832 (1120)

Income

Enter the total amortization of bond premium, and the total amortization on tax-exempt bonds.
In the statement, enter the protection against loss account balances as though IRC section 824 was still in effect.

Deductions

The amount entered cannot be greater than taxable income calculated without regard to this deduction or to any carryback of a net operating loss.
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