2

3 3

4 4

5 5

6

8

7

Passive activity credits included on line 2 (see instructions)

9

Subtract line 3 from line 2

Passive activity credits allowed for 1999 (see instructions)

11

Carryforward of general business or ESOP credit to 1999 (see instructions for the schedule to attach)

13

Carryback of general business credit from 2000 (see instructions)

Tentative general business credit. Add lines 4 through 7

General Business Credit Limitation Based on Amount of Tax

10a

10b

10e

10f

10h

10j

10l

General business credit allowed for the current year. Subtract line 17c from line 17b. Enter

here and on Form 1040, line 47; Form 1120, Schedule J, line 4d; Form 1120-A,

Part I, line 2a; Form 1041, Schedule G, line 2c; or the applicable line of your return

For Paperwork Reduction Act Notice, see back of form. Form 

12

Part II

2

e

f

g

6

18

Cat. No. 12392F

Current year general business credit. Add lines 1a through 1o

n

h

i

j

k

l

1h

1i

1j

1k

1m

1e

1f

1g

Current year credit for increasing research activities (Form 6765, Part I)

Current year low-income housing credit (Form 8586, Part I)

Current year disabled access credit (Form 8826, Part I)

Current year enhanced oil recovery credit (Form 8830, Part I)

Current year renewable electricity production credit (Form 8835, Part I)

Current year Indian employment credit (Form 8845, Part I)

Current year credit for employer social security and Medicare taxes paid on certain employee tips (Form 8846, Part I)

Current year credit for contributions to selected community development corporations (Form 8847, Part I)

Current year trans-Alaska pipeline liability fund credit (see instructions) 1n

m

10i

10a Credit for child and dependent care expenses (Form 2441, line 9)

b Credit for the elderly or the disabled (Schedule R (Form 1040), line 20)

Foreign tax credit

f

h

i Possessions tax credit (Form 5735, line 17 or 27)

j Credit for fuel from a nonconventional source

k Qualified electric vehicle credit (Form 8834, line 19)

Add lines 10a through 10k

Net regular tax. Subtract line 10l from line 9

Alternative minimum tax (see instructions)

14 Tentative minimum tax (see instructions)

15 If line 11 is more than $25,000, enter 25% (.25) of the excess (see

instructions)

Subtract line 16 from line 13. If zero or less, enter -0-

16

e Mortgage interest credit (Form 8396, line 11)

9 Regular tax before credits (see instructions)

13 Net income tax. Add lines 11 and 12

Enter the greater of line 14 or line 15

12

11

14

15

17a

18

16

17a

Current year orphan drug credit (Form 8820, Part I) 1l

l

Adoption credit (Form 8839, line 15)

10k

g District of Columbia first-time homebuyer credit (Form 8859, line 11) 10g

8

7

o Current year general credits from an electing large partnership (Schedule K-1 (Form 1065-B)) 1o

10c

d 10d

c Child tax credit (Form 1040, line 43)

Education credits (Form 8863, line 18)

Enter the smaller of line 8 or line 17a. Individuals, estates, and trusts: See instructions if

claiming the credit for increasing research activities. C corporations: See the instructions for

Schedule A if any regular investment credit carryforward is claimed and the line 17b instructions

if there has been an ownership change, acquisition, or reorganization

17b

17b

17c Suspended research credit allowed for the current year (see instructions) 17c
Paperwork Reduction Act Notice. We

ask for the information on this form to

carry out the Internal Revenue laws of

the United States. You are required to

give us the information. We need it to

ensure that you are complying with

these laws and to allow us to figure and

collect the right amount of tax.

The time needed to complete and file

this form will vary depending on

individual circumstances. The estimated

average time is:

Recordkeeping 17 

Learning about the

law or the form 1 

Preparing and sending

the form to the IRS 1 

If you have comments conc

accuracy of these time estima

suggestions for making this fo

simpler, we would be happy to 

you. See the instructions for t

return with which this form is 

Printed on recycled paper

You are not required to provide the

information requested on a form that is

subject to the Paperwork Reduction Act

unless the form displays a valid OMB

control number. Books or records

relating to a form or its instructions must

be retained as long as their contents

may become material in the

administration of any Internal Revenue

law. Generally, tax returns and return

information are confidential, as required

by Code section 6103.

Enter the portion of the credit shown on line 8 that is NOT attributable

to the regular investment credit under section 46 (before amendment

by the Revenue Reconciliation Act of 1990)

Subtract line 23 from line 22 (if zero or less, enter -0-)

Subtract line 24 from line 19 (if zero or less, enter -0-)

For purposes of this line only, refigure the amount on line 11, Form

4626, by using zero on line 6, Form 4626, and enter the result here

Multiply line 26 by 10% (.10)

Net income tax (from line 13)

Enter the amount from line 17b

Subtract line 29 from line 28

Subtract line 27 from line 30

Enter the smallest of line 21, line 25, or line 31

Subtract line 32 from line 20

Enter the greater of line 15 or line 33

Subtract line 34 from line 28

Enter the smaller of line 11 or line 35. Also enter this amount on line 17b instead of the amount

previously figured on that line. Write “Sec. 38(c)(2)” in the margin next to your entry on line 17b

If line 35 is greater than line 36, enter the excess here and see the instructions for how to claim

the additional credit

23

24

25

26

27

28

29

30

31

32

33

34

35

24

25

27

28

29

30

31

32

33

34

35

23

26

36

37

36

37

Form