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What is xpo minimum tax credit carryover

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Reference no: EM132990231

Problem 1: XPO Corporation has a minimum tax credit of $51,240 from 2017. XPO's 2018 tax liability before any MTC carryover is $35,500. What is XPO's minimum tax credit carryover to 2019, if any?

Option 1: $51,240.
Option 2: $15,740.
Option 3: $7,870.
Option 4: $0.

Reference no: EM132990231

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