What is ables dividends received deduction for 2021

Reference no: EM133612222

Question: In 2020, Able Corporation purchased a portfolio of stocks for 100,000. It paid cash of 40,000 and borrowed 60,000 to finance the purchase. In 2021, Able receives dividend income of 10,000, all from less-than-20% owned corporations. What is Able's dividends received deduction for 2021?

Reference no: EM133612222

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