Domestic Production Deduction

[John of PA]

The home page of TAXALMANAC.org has a nice summary of the Domestic Production Credit.

[JON]

Did mine

finished mine and it amounts to $35,000 deduction split 6 ways. I will take a look at it thank you.

[John of PA]

Good job.

JON,
You earner your fee for this client, good job.

[JG EA]

finished mine and it amounts to $35,000 deduction split 6 ways. I will take a look at it thank you.

So, the qualified amount was over a million and wages were at lease 70,000? You took off cog and appropriate operating costs in the calculation?

[JON]

This is my

only one of any consequence and for the time I spent I was suprised at the limitations. Extremely profitable company, but did seperate into categories because one did not count. I acctually thought I would come out with around $48,000, but the details surprised me and finally went with the Simplified, rather than my "impossible" method.