Screen GBCCO - General Business Credit Carryover (1120)

Carryover Information

From the fieldview, select the appropriate credit type for the credit carryover information. Each credit type must be entered on a separate screen; therefore, additional units of this screen must be added in order to enter carryover for more than one credit.
The
Credit Amount Generated
fields should reflect the total amount of the particular credit generated for each of the preceding periods. The credit amount generated should be entered as a positive amount.
In the statement, enter as a positive number the amount of general business credit (GBC) reflected in the Credit Amount Generated column that has been utilized and is no longer available and each tax year in which the credit amount was utilized. The amounts utilized should be entered as a positive amount.
Chat now

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close