What is NCTI (formerly GILTI) and how is it calculated for tax year 2026?
I own 100% of a controlled foreign corporation (CFC). My prior-year workpapers refer to GILTI and Form 8992, but I have heard the 2026 rules use NCTI. My CFC earned about $300,000 in income and has about $400,000 in depreciable tangible assets. What changed for the current-year calculation and corporate tax treatment?
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