Screen MDOthTax - Maryland Other Taxes (1120)

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Additional Taxes

LIFO recapture income
Enter the LIFO recapture income taxable to Maryland. The application combines the amount entered in this box with the following S Corporation income subject to federal corporate income tax:
  • Excess Net Passive Income: transferred from the federal Excess Net Passive Income Tax Worksheet.
  • Built-In-Gains Taxable Income: transferred from federal Form 1120S, Schedule D.

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