XPO Corporation has a minimum tax credit of $51,000 from 2016. If its 2017 tentative minimum tax is $211,000 and its regular tax liability is $250,000, what is its minimum tax credit carryover to 2018?
A) $51,000.
B) $0.
C) $12,000.
D) $39,000.
Correct Answer:
Verified
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