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| deduct from gross receipts in calculating income |
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include in income
(Schedule C)
Deduction for dividends received from domestic corporation:
own < 20% deduct 70% dividends
own 20%-80%, deduct 80%
own > 80%, deduct 100% dividends recd |
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include in income
(Schedule D)
only to extent of capital losses |
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| include in income (Form 4797) |
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| deduct from income (Schedule E) |
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deduct from income
limited to 10% of taxable income; carryforward 5 years |
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| deduct from income (form 4562) |
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| pension and profit sharing plans |
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| employee benefit programs |
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| deduct from income; carry back 2 years and forward 20 years |
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| deduct from income (schedule C) |
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| key person life insurance premiums |
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| key person life insurance proceeds |
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Definition
| not included in gross income |
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Definition
| only deductible to extent of capital gains; carry back 3 years and forward 5 years |
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