Form 3800 General Business Credit

General business credits reported on Form 3800 are treated as used on a first-in first-out basis by offsetting the earliest-earned credits first. 2 Part II Allowable Credit continued Note. If you are not required to report any amounts on line 22 or 24 below skip lines 18 through 25 and enter -0- on line 26.

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Form 3800 general business credit. Therefore the order in which the credits are used in any tax year is. Carryforwards to that year the earliest ones first. The general business credit earned in that year.

Form 3800 2020 Page.

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