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Molly has generated general business credits over the years that have not been utilized. The amounts carried forward to 2021 from previous years are as
Molly has generated general business credits over the years that have not been utilized. The amounts carried forward to 2021 from previous years are as follows 2017 $ 4,000 2018 $10,000 2019 $ 6,000 2020: $ 5,000 In the current year, 2021, her business generates an additional $31,000 general business credit. In 2021, based on her tax liability before credits, she can utilize a general business credit of up to $42,000. After utilizing the carryforwards and the current year credits, how much general business credit is carried forward to 2022? O $11,000 $25,000 O $14,000. O $36,000
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