{ "media_type": "text", "post_content": "Can someone explain how the amount in line 6 (taxable income) of form 8990 is calculated? Is it just taxable income less ALL interest expense for that year?", "post_id": "61d5f709ef38e20028eb2728", "reply_count": 9, "vote_count": 1, "bowl_id": "599555b669a73a0010aab3ac", "bowl_name": "Tax Bowl", "feed_type": "bowl" }

Can someone explain how the amount in line 6 (taxable income) of form 8990 is calculated? Is it just taxable income less ALL interest expense for that year?

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Did you check the instructions already? Looks like this is answered there.

it is just a function that helps to solve circular formula cuz at the end of the day, it is circular whether you take the int carryforward or nol carryforward

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