Twenty Corporation reports 2018 taxable income of $200,000. Twenty has a minimum tax credit carryover of $75,000. How much of the MTC carryover can Twenty Corporation use this year?

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The Answer of Twenty Corporation reports 2018 taxable income of $200,000. Twenty has a minimum tax credit carryover of $75,000. How much of the MTC carryover can Twenty Corporation use this year?

Twenty Corporation Reports 2018 Taxable Income of $200,000