LIFO Limitation Adjustment

The
LIFO Limitation Adjustment
screen is used to increase or decrease the E&P limitation for purposes of calculating Subpart F income when E&P adjustments for LIFO inventory adjustment (Section 312(n)(4)), installment sales (Section 312(n)(5)) and/or completed contract methods of accounting (Section 312(n)(6)) have been made.

Entering LIFO Limitation Adjustments

  1. On the TAS navigation tree, select the
    Foreign Entity
    .
  2. Select
    Other Adjustments > LIFO Limitation Adjustment
    .
  3. Select one of the listed source codes.
  4. Select
    Save
    .

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