Screen SCTC18 - South Carolina Research Expenses Credit (1120)

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Qualified Research Expenses

Enter the name and FEIN of the pass-through entity making the qualifying research expense if the credit was received from a Partnership, S Corporation, or LLC.
Qualified research expenses made in South Carolina
Enter the total qualified research expenses made in South Carolina.
Credit taken (Force)
Enter an amount to force the credit taken on Form SC1120-T, Part 1, line 4, Column C. You can also enter
0
(zero).

Corporate License Fee

Previously Accrued (C Corp)
Enter the amount of research expenses credit applied to the corporate license fee that's been carried forward from a previous year. This amount is used to complete Form SC1120-TC, Part II, Column A.
Earned This Year (C Corp)
Enter the amount of research expenses credit that's been earned for the corporate license fee in the current year. This amount is used to complete Form SC1120-TC, Part II, Column B.
Taken This Year
Enter the amount of research expenses credit taken for the corporate license fee this year. This amount is used to complete Form SC1120-TC, Part II, Column C.
note
The research expenses credit actually used on Form SC1120, Page 2, or Form SC1120S, Page 2, can't be greater than the amount of research expenses credit available or amount of license fee due.
Lost Due to Statue (C Corp)
Enter the amount of research expenses credit for the corporate license fee that's been lost due to statute. This amount is used to complete Form SC1120-TC, Part II, Column D.

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