Which of the Following Best Describes the Treatment Applicable to Unused

question 89

Multiple Choice

Which of the following best describes the treatment applicable to unused business credits?

• A)Unused amounts are carried forward indefinitely.
• B)Unused amounts are first carried back one year and then forward for 20 years.
• C)Unused amounts are first carried back one year and then forward for 10 years.
• D)Unused amounts are first carried back three years and then carried forward for 15 years.
• E)None of the above.