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Molly has generated general business credits over the years that have not been utilized. The amounts generated and not utilized equal: 2018 $2,000 2019 5,000
Molly has generated general business credits over the years that have not been utilized. The amounts generated and not utilized equal:
2018 | $2,000 |
2019 | 5,000 |
2020 | 6,000 |
2021 | 3,000 |
In the current year, 2022, her business generates an additional $11,000 general business credit. In 2022, based on her tax liability before credits, she can utilize a general business credit of up to $18,000. After utilizing the carryforwards and the current year credits, how much of the general business credit generated in 2022 is available for future years?
a. | $0. | |
b. | $2,000. | |
c. | $9,000. | |
d. | $11,000. |
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