In years beginning in 2018 through 2020, any minimum tax credit carryover from prior alternative minimum tax.years will be allowed to the extent of the regular tax liability plus 50% of the excess of the minimum tax credit over the amount credited against the regular tax.

Question

Quizplus · Accepted Answer

This is true according to the Tax Cuts and Jobs Act of 2017, which allows for the use of minimum tax credit carryovers in these specified years.

In Years Beginning in 2018 Through 2020, Any Minimum Tax