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1350STATE OF SOUTH CAROLINA DEPARTMENT OF REVENUEACTIVE TRADE OR BUSINESS INCOME REDUCED RATE Computation.SC.complete one I335 for each return Attach I335 and all supporting Worksheets to SC1040 or

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What is sc revenue ruling 21-15?

SC Revenue Ruling 21-15 provides guidance on the tax treatment of certain transactions for taxpayers in South Carolina, specifically addressing how to handle certain deductions and income reporting.

Who is required to file sc revenue ruling 21-15?

Taxpayers engaged in specific transactions as outlined in SC Revenue Ruling 21-15 are required to file the ruling to ensure compliance with state tax laws.

How to fill out sc revenue ruling 21-15?

To fill out SC Revenue Ruling 21-15, taxpayers should follow the instructions provided in the ruling, which typically include specific forms to complete and details on supporting documentation required.

What is the purpose of sc revenue ruling 21-15?

The purpose of SC Revenue Ruling 21-15 is to clarify the tax implications of certain financial transactions, helping taxpayers accurately report income and deductions.

What information must be reported on sc revenue ruling 21-15?

Taxpayers must report relevant income and deduction details as specified in SC Revenue Ruling 21-15, including transaction amounts and the nature of the transactions.

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