1120-US: Intercompany pricing rules method on the IC-DISC return (FAQ)

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Question

Why isn't the method used for intercompany pricing rules marked on the first page of the return?

Answer

UltraTax/1120 automatically marks the box next to the 50-50 combined taxable income method or 4% gross receipts method on page 1 when the taxable income determined under that method is equal to 25% or more of gross income reported on Schedule B. To indicate the Section 482 method was used, enter X in the corresponding field on Screen DISC.

Related topic: 1120-US: Form 1120-IC-DISC - Interest Charge Domestic International Sales Corporation FAQs

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