Question
The carrybacks and carryforwards associated with the general business credit must be used in a specific order. Which of the following correctly describes that order?
The carrybacks and carryforwards associated with the general business credit must be used in a specific order. Which of the following correctly describes that order?
Question 3 options:
| The business credit carrybacks to the current year; the amount of the current year business credit; and the business credit carryforwards to the current year. |
| The business credit carrybacks to the current year, the business credit carryforwards to the current year; and the amount of the current year business credit. |
| The amount of the current year business credit; the business credit carrybacks to the current year; and the business credit carryforwards to the current year. |
| The business credit carryforwards to the current year; the amount of the current year business credit; and the business credit carrybacks to the current year. |
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