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Form 3800, Fill in Version General Business Credit

Form 3800, Fill in Version General Business Credit

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Instructions and help about Form 3800, Fill in Version General Business Credit

looking at the income tax formula we're focused on line one income remember in the first half of the income tax formula is in essence an income statement but just an outline of scaffolding other forms and schedules flowing into these lines these Schedule C being one of them it being in essence an income statement in and of itself income minus expenses or business deductions the net income of which flows into line one income of our income tax formula here this is the first page of our form 1040 the schedule C Net Income would flow in then to the schedule one which would flow into page one line eight as we see on the form 1040 here this is the schedule C where we have profit or loss from business in essence and income statement with income and expenses all right let's take a look at the general business credits introduction your general business credit it for the year consists of your carry forward of business credits from prior year plus the total of your current year bu

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