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DRD |
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9M n/a DRD Construction Services Susan Dubinsky 1 517 North Hardisty St. The ATB held (43) that a corporate shareholder prohibited for Federal tax purposes from claiming a dividends-received deduction (DRD) for amounts distributed by its REIT was also barred from taking a DRD for state tax purposes under general Federal conformity principles. Section 7 contains rules designed to ensure that taxpayers claiming the section 965 DRD do not reduce their taxable income below the amount of their nondeductible qualifying dividends. |
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