itonewbie
Level 15
01-12-2020
05:19 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
@Musictax I think @tsnickers may have mixed up UBT with GCT. Credit for GCT is claimed on IT-222, which flows through to IT-201 ATT, Line 8a. Unlike credit for UBT, credit for GCT phases out between taxable income of $35k and $100k, which could easily trigger double taxation for a lot of folks.
Hope this helps.
---------------------------------------------------------------------------------
Still an AllStar
Still an AllStar