Any Unused General Business Credit Must Be Carried Back 3

question 56

True/False

Any unused general business credit must be carried back 3 years and then forward for 20 years.

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Definitions:

Secular

Not related to anything religious or spiritual.

Sikh

A follower of Sikhism, a monotheistic religion that originated in the Punjab region of India during the 15th century.

Muslim

Pertains to an adherent of Islam, a monotheistic Abrahamic religion based on the Quran as considered by its followers to be the verbatim word of God.

Hindu

Pertaining to Hinduism, a major world religion originating on the Indian subcontinent and comprising several and varied systems of philosophy, belief, and ritual.