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Screen PC-3 - Electing Small Company (1120)
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Taxable Investment Income
Gross income from trade or business other than insurance business
Enter the gross income from a trade or business, other than an insurance business. The application automatically transfers the gain from sale of investment assets reported on Form 4797, and the income or loss from pass-through entities.
Trade or business deductions provided in Section 834(c)(8)
Do not include deductions for any insurance business.