Oak Corporation holds the following general business credit carryovers: 2016 $5,000 2017 15,000 2018 6,000 2019 19,000 Total carryovers $45,000 The Oak's general business credit generated by 2020...


Oak Corporation holds the following general business credit carryovers:<br>2016<br>$5,000<br>2017<br>15,000<br>2018<br>6,000<br>2019<br>19,000<br>Total carryovers<br>$45,000<br>The Oak's general business credit generated by 2020 activities equals $36,000 and the total credit allowed durir<br>$60,000 (based on tax liability).<br>Enter the amount (if any) of each year's carryover utilized in 2020.<br>Amount of<br>Carryover<br>Year<br>Utilized<br>

Extracted text: Oak Corporation holds the following general business credit carryovers: 2016 $5,000 2017 15,000 2018 6,000 2019 19,000 Total carryovers $45,000 The Oak's general business credit generated by 2020 activities equals $36,000 and the total credit allowed durir $60,000 (based on tax liability). Enter the amount (if any) of each year's carryover utilized in 2020. Amount of Carryover Year Utilized


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Jun 02, 2022
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