In 2022, Jake receives a qualified mortgage credit certificate (MCC) from California. This year, his regular tax liability is $1,100, he owes no alternative minimum tax, and his Mortgage Interest Credit is $1,700. Additionally, Jake claims no other credits. What amount of Jake's unused Mortgage Interest Credit for this year can he carry forward to the next 3 years or until used, whichever comes first? 

A. $0 

B. $600 

C. $1,100 

D. $1,700

Answer rating: 100% (QA)

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