Balm, Inc., has a general business credit for 2018 of $90,000. Balm's regular in- come tax liability
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Balm, Inc., has a general business credit for 2018 of $90,000. Balm's regular in- come tax liability before credits is $140,000, and its tentative AMT is $132,000. Calculate the amount of general business credit Balm can use in 2018, and calculate its general business credit carryback and carryforward, if any,
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Related Book For
Essentials Of Taxation Individuals And Business Entities 2019
ISBN: 9780357233290
1st Edition
Authors: William A Raabe, James C Young
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