1120-US: Determining the amount of Section 108(i) income included in taxable income (FAQ)

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How is the amount of Section 108(i) that is included in taxable income this year determined?


Generally, the previously deferred income is recognized ratably over a five-tax-year period (i.e., twenty-percent each year) beginning with the 2014 tax year unless an accelerating event occurs.

Related topic: 1120-US: Deferring cancellation of debt income under Section 108(i) FAQs

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