Federal Minimum Tax Credit
| 1999 | ||
|---|---|---|
| Current year AMT | 62,214) | |
| Carryover | 62,214) | |
| Limit: | ||
| Current year regular tax | 15,206) | 66,287) |
| Less tentative minimum tax | (77,420) | (26,412) |
| Minimum tax credit allowed | 0) | 39,875) |
| Unused minimum tax credit carryover | 62,214) | 22,339 |
| Reduction of carryover available for 2000 | ||
| Unused minimum tax credit carryover | 22,339 | |
| Net minimum tax on 1999 exclusion items | (4,789) | |
| Adjusted tentative minimum tax credit to 2000 | $ 17,550 |