Screen SCCr2 - South Carolina Tax Credits, Page 2 (1120)

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Corporate License Fee Credits

Previously Accrued (C Corp)
Enter the amount of each credit carried forward from a previous year. These amounts are used to complete Form SC1120-TC, Part II, Column A.
note
Each year proforma updates this column with the amounts from the prior year Form SC1120-TC, Part II, Column E Carried Forward.
Earned This Year (C Corp)
Enter the amount of each credit earned in the current year. These amounts are used to complete Form SC1120-TC, Part II, Column B.
Taken This Year
Enter the amount of each credit taken this year. These amounts are used to complete Form SC1120-TC, Part II, Column C. Note that the total credits actually used in Form SC1120, Page 2, or Form SC1120S, Page 2, should be limited to the amount of license fee.
Lost Due to Statute (C Corp)
Enter the amount of each credit lost due to statute. These amounts are used to complete Form SC1120-TC, Part II, Column D.

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