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What amount apply to businesses whose average gross receipts

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Reference no: EM132843517

Problem 1: The Uniform Capitalization Rules of Code Sec. 263A apply to businesses whose average gross receipts for the preceding 3 years exceed what amount?

Option 1: $26,000,000
Option 2: $5,000,000
Option 3: $2,500,000
Option 4: $1,000,000

Reference no: EM132843517

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