...pass-through of credit. The special rule contained in section 41(g) for the pass-through of the credit in the case of an individual who owns an interest in an unincorporated trade or business, is a partner in a partnership, is a beneficiary of an estate or trust, or is a shareholder in an S...

...pass-through of credit The special rule contained in section 41(g) for the pass-through of the credit in the case of an individual who owns an interest in an unincorporated trade or business, is a partner in a partnership, is a beneficiary of an estate or trust, or is a shareholder in an S...

...pass-through of credit. The special rule contained in section 41(g) for the pass-through of the credit in the case of an individual who owns an interest in an unincorporated trade or business, is a partner in a partnership, is a beneficiary of an estate or trust, or is a shareholder in an 8...

...is limited to the taxpayer's income tax liability reduced by certain other nonrefundable credits.9 Additional limitation on individuals In the case of...partner in a partnership, or who is a shareholder in a subchapter S corporation, the amount of credit that can be used in a particular year also cannot...

...is limited to the taxpayer's income tax liability reduced by certain other nonrefundable credits.9 Additional limitation on individuals In the case of...partner in a partnership, or who is a shareholder in a subchapter S corporation, the amount of credit that can be used in a particular year also cannot...

...expenditures among commonly controlled or otherwise related persons. Business ownership rules. — Special rules apply for computing the credit where...partner in a partnership, or who is a shareholder in a subchapter S corporation, the amount of credit that can be used in a particular year also cannot...

...shifting expenditures among commonly controlled or otherwise related persons. Business ownership rules.— Special rules apply for computing the credit where...partner in a partnership, or who is a shareholder in a subchapter S corporation, the amount of credit that can be used in a particular year also cannot...

...affect the special present-law limitation on use of the credit by individuals. Under that limitation, hi the case of an individual who owns an interest in an unincorporated trade or business, is a partner in a partnership, is a shareholder in an S corporation, or is a beneficiary of a trust...

...$l30,000, and the amount of the taxpayer's credit for l987 is 20 percent of $l30,000, or $26,000. l9 In the case of an individual who owns an interest...amount of credit that can be used in a particular year cannot exceed an amount (separately computed with respect to the person's interest in the trade or...