Assertion: cooperative's income | /r/HasProperty | taxable
Facets:
Source sentences:
text: Cooperatives are taxed at the ordinary corporate rate on their taxable income calculated after cash patronage and qualified retained patronage and qualified per-unit retain payments.
text: Unlike stock dividends, a cooperative may deduct the amount of any patronage dividends from its gross income before calculating its taxable income.
text: As discussed above, a cooperative may deduct the amount of any patronage dividends from its gross income before calculating its taxable income; this means that only the individual patrons receiving the patronage dividend might be taxed on those amounts.
text: For that reason, even Section 521 cooperatives often have some taxable income.