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Business & farm
If you can't use part or all of your general business credit because of the tax liability limit carry the unused credit back one year.
Per the instructions IRS for Form 3800:
"To carry back an unused credit, file an amended return (Form 1040X, Amended U.S. Individual Income Tax Return, Form 1120X, Amended U.S. Corporation Income Tax Return, or other amended return) for the prior tax year or an application for tentative refund (Form 1045, Application for Tentative Refund, or Form 1139, Corporation Application for Tentative Refund).
Generally, if you file an application for a tentative refund, it must be filed by the end of the tax year following the tax year in which the credit arose. No part of the unused credit for any year attributable to any credit can be carried back to any tax year before the first tax year for which that credit was first allowable.
If you have an unused credit after
carrying it back 1 year, carry it forward to
each of the 20 tax years after the year of
the credit. Any qualified business credits
(as defined in section 196(c)) that are
unused after the last tax year of the
20-year carryforward period (or at the time
an individual taxpayer dies or other
taxpayer, such as a corporation or
partnership, ceases to exist) may be taken
as a deduction in the earlier of:
The tax year following the last tax year
of the 20-year carryforward period, or
The tax year in which the individual
taxpayer dies or other taxpayer ceases to
exist.
For more information, please see the instructions for IRS Form 3800 - "General Business Credit" which can be accessed at the following link: https://www.irs.gov/pub/irs-pdf/i3800.pdf: