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Problem 13-25 (Algorithmic) (LO. 2) Oak Corporation has the following general business credit carryovers: 2015 $11,750 2016 35,250 2017 12,750 2018 39,250 Total carryovers $99,000

Problem 13-25 (Algorithmic) (LO. 2)

Oak Corporation has the following general business credit carryovers:

2015 $11,750
2016 35,250
2017 12,750
2018 39,250
Total carryovers $99,000

The general business credit generated by activities during 2019 equals $79,200 and the total credit allowed during the current year is $141,000 (based on tax liability).

a. Enter the amount (if any) of each year's carryover utilized in 2019.

Year Amount of Carryover Utilized
2015 $
2016 $
2017 $
2018 $
2019 $

b. What is the amount of any unused credits carried forward to 2020?

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