SC revenue ruling #21-2
South Carolina Department of Revenue
South Carolina Department of Revenue--Periodicals , Income tax--South Carolina
For tax years beginning after 2017, there is no South Carolina business interest tax limitation and no carryforward. Any interest expense that cannot be deducted against income in the year incurred may create a South Carolina net operating loss. Any federal interest expense carryforward allowed for federal income tax purposes is disallowed for South Carolina income tax purposes and is treated as an addition to South Carolina taxable income.
South Carolina State Library
South Carolina State Documents Depository
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