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Carlson's general business credit for the current year is $84,000. His net income tax is $190,000, tentative minimum tax is $175,000, and net regular tax
Carlson's general business credit for the current year is $84,000. His net income tax is $190,000, tentative minimum tax is $175,000, and net regular tax liability is $185,000. He has no other Federal income tax credits. Determine Carlson's general busines credit allowe year, and any amounts that can be carried back and forward. Carlson's general business credit allowed for the year is $ and his unused general business credit of q may be carried back or forward. Feedback Check My Work The general business credit is composed of a number of other credits, each of which is computed separately under its own set of
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