Page 331 - Small Business IRS Training Guides
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Answer to Exercise
Practice Exercise 1
A corporation with tax year ending December 31, 2018, claims a credit of 100 percent of the prior year minimum tax
liability on their tax return. The corporation is eligible to claim 100 percent of their prior year minimum tax liability.
Check True or False.
True False
A corporation is allowed to claim only 50 percent of the excess of the minimum tax credit for years prior to 2022.
73233-102 12002-4 Tax Cuts and Jobs Act
