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What is sandy bottoms domestic maximum interest expense

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Reference no: EM133131458

Question - Sandy Bottoms Corporation generated taxable income (before depreciation, interest expense, and any tax loss carryovers) of $3 million this year. Taxable income included $75,017,000 of revenue and $358,500 of interest income. What is Sandy Bottoms's domestic maximum interest expense deduction for the year?

Reference no: EM133131458

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