Step 5: Figure your credit available to be carried forward
To figure each credit amount,
at the first applicable line for each credit.
60
Two-year credit carryforward that is available for one more tax year
• If Line 46 is positive or zero, write zero here. You do not have any credit from this year to carry.
• If Line 44 is negative, write the amount from Line 45 here.
60
• If Line 46 is negative, write the amount as a positive number here.
61
Five-year credit carryforward that is available for one more tax year
•
If Line 48 is positive or zero, write zero here. You do not have any credit from this year to carry.
• If Line 46 is negative, write the amount from Line 47 here.
61
• If Line 48 is negative, write the amount as a positive number here.
62
Two-year credit carryforward that is available for the next two tax years
• If Line 56 is positive or zero, write zero here. You do not have any credit from this year to carry.
• If Line 54 is negative, write the amount from Line 55 here.
62
• If Line 56 is negative, write the amount as a positive number here.
63
Five-year credit carryforward that is available for the next two tax years
• If Line 50 is positive or zero, write zero here. You do not have any credit from this year to carry.
• If Line 48 is negative, write the amount from Line 49 here.
63
• If Line 50 is negative, write the amount as a positive number here.
64
Five-year credit carryforward that is available for the next three tax years
• If Line 52 is positive or zero, write zero here. You do not have any credit from this year to carry.
• If Line 50 is negative, write the amount from Line 51 here.
64
• If Line 52 is negative, write the amount as a positive number here.
65 F
ive-year credit carryforward that is available for the next four tax years
• If Line 54 is positive or zero, write zero here. You do not have any credit from this year to carry.
• If Line 52 is negative, write the amount from Line 53 here.
65
• If Line 54 is negative, write the amount as a positive number here.
66 F
ive-year credit carryforward that is available for the next five tax years
• If Line 58 is positive or zero, write zero here. You do not have any credit from this year to carry.
• If Line 56 is negative, write the amount from Line 57 here.
66
• If Line 58 is negative, write the amount as a positive number here.
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Schedule 1299-C (R-12/05)
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