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Please respond only if you know the correct answer. Thank you for your time and help. LNS Corporation generated a minimum tax credit of $80,000
Please respond only if you know the correct answer. Thank you for your time and help.
LNS Corporation generated a minimum tax credit of $80,000 in 2016. If its 2016 tentative minimum tax is $300,000 and its regular tax liability is $330,000, what is its minimum tax credit carryover to 2017? $50,000 $30,000 $0 $80,000Step by Step Solution
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