- 16 -
8 10% of line 5 . . . . . . . . . . . . . . . . . . . . . . . 59,835
* * * * * * *
14 Current year regular investment credit - Add lines 8
through 13[10]. . . . . . . . . . . . . . . . . . . . . . . . 59,835
* * * * * * *
17 Tentative regular investment credit - Add lines 14, 15,
and 16[11] . . . . . . . . . . . . . . . . . . . . . . . . . . 59,835
Form 3468, “PART IV. - Tax Liability Limitations”, showed
the following:
18 a Individuals - From Form 1040, enter tax from line 38, )
page 2, plus any additional taxes from Form 4970 . . . . )
b Estates and trusts - From Form 1041, enter tax from line )
26a, plus any section 644 tax on trusts . . . . . . . . .)116,492
c Corporations (1120 filers) - From Form 1120, Schedule )
J, enter tax from line 3 . . . . . . . . . . . . . . . . )
d Other organizations - Enter tax before credits from )
return . . . . . . . . . . . . . . . . . . . . . . . . . )
19 a Individuals - From Form 1040, enter credits from lines 41)
and 42 of page 2 . . . . . . . . . . . . . . . . . . . .)
b Estates and trusts - From Form 1041, enter any foreign )
tax credit from line 27a . . . . . . . . . . . . . . . . )
c Corporations (1120 filers) - From Form 1120, Schedule )0
J, enter any foreign tax credit from line 4(a), plus )
any possessions tax credit from line 4(f) . . . . . . . .)
d Other organizations - Enter any foreign or possessions )
tax credit . . . . . . . . . . . . . . . . . . . . . . . )
20 Income tax liability as adjusted (subtract line 19 from line
18). . . . . . . . . . . . . . . . . . . . . . . . . . . . . 116,492
21 a Enter smaller of line 20 or $25,000. See instruction for
line 21 . . . . . . . . . . . . . . . . . . . . . . . . .25,000
b If line 20 is more than $25,000 - Enter 90% of the
excess . . . . . . . . . . . . . . . . . . . . . . . . . 82,343
22 Regular investment credit limitation - Add lines 21a
and 21b . . . . . . . . . . . . . . . . . . . . . . . . . . 107,343
23 Allowed regular investment credit - Enter the smaller of
line 17 or line 22 . . . . . . . . . . . . . . . . . . . . . 59,835
10No entries were made on lines 9 through 13 of Form 3468.
11No entries were made on lines 15 and 16 of Form 3468.
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