Question: Please respond only if you know the correct answer. Thank you for your time and help. LNS Corporation generated a minimum tax credit of $80,000

Please respond only if you know the correct answer. Thank you for your time and help.

Please respond only if you know the correct answer. Thank you for

LNS Corporation generated a minimum tax credit of $80,000 in 2016. If its 2016 tentative minimum tax is $300,000 and its regular tax liability is $330,000, what is its minimum tax credit carryover to 2017? $50,000 $30,000 $0 $80,000

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