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Oak Corporation has the following general business credit carryovers: $3,500 2016 2017 10,500 2018 4,500 2019 14,500 $33,000 Total carryovers The general business credit generated
Oak Corporation has the following general business credit carryovers: $3,500 2016 2017 10,500 2018 4,500 2019 14,500 $33,000 Total carryovers The general business credit generated by activities during 2020 eguals $25,400 and the total credit allowed during the current year is $42.000 (based on tax liability). a. Enter the amount (if any) of each year's carryover utilized in 2020. Amount of Carryover Utilized Year 2016 2017 2018 blon 2019 2020 b. What is the amount of any unused credits carried forward to 2021
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