{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/740/30/#60-relationships","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"740","topic_title":"Income Taxes","subtopic":"740-30","subtopic_title":"Other Considerations or Special Areas","section":{"number":"60","label":"60 Relationships","anchor":"60-relationships","is_sec":false,"groups":[{"block":null,"heading":"Financial Services—Depository and Lending","paragraphs":[{"citation":"740-30-60-1","para":"60-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_11760DB4-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For guidance on the tax consequences of bad debt reserves of savings and loans (and other qualified thrift lenders) that arose in tax years beginning before December 31, 1987, see Subtopic <a altsource=\"GUID-BE87F30E-C60B-4702-A2DA-395EBEC0D821.ditamap\" class=\"ditamap\">942-740</a> on financial services—depository and lending—income taxes.</span></span></div></div>","snippet":"For guidance on the tax consequences of bad debt reserves of savings and loans (and other qualified thrift lenders) that arose in tax years beginning before December 31, 1987, see Subtopic 942-740 on financial services—d…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b4c171dc66c0f7748d26c5a11e90b98234dae2c4ef2017f0576727c36e92201c","downloaded_from":"2026-09-10T01:18:02.058Z","last_downloaded_at":"2026-09-10T01:18:02.058Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482574","source_sha256":"d39f81784f0ce6a4fbdea27a506b8880ac3e53e52b9d6c57e423800f97e2ff6e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1621e2e972b75000b8dcfd8967876aff49781377530e8d7eed35266a2bcf6583","downloaded_from":"2026-09-10T01:18:02.058Z","last_downloaded_at":"2026-09-10T01:18:02.058Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482574","source_sha256":"d39f81784f0ce6a4fbdea27a506b8880ac3e53e52b9d6c57e423800f97e2ff6e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:521d38d31f50c37e748169ec689d5863d804c65779375e7fa04cbcbb98cd6c5a","downloaded_from":"2026-09-10T01:18:02.058Z","last_downloaded_at":"2026-09-10T01:18:02.058Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482574","source_sha256":"d39f81784f0ce6a4fbdea27a506b8880ac3e53e52b9d6c57e423800f97e2ff6e"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:521d38d31f50c37e748169ec689d5863d804c65779375e7fa04cbcbb98cd6c5a","downloaded_from":"2026-09-10T01:18:02.058Z","last_downloaded_at":"2026-09-10T01:18:02.058Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482574","source_sha256":"d39f81784f0ce6a4fbdea27a506b8880ac3e53e52b9d6c57e423800f97e2ff6e"}}