- quote -

There are two reasons you would still have an ITC carryover:
you had AMT every year that prevented use of the credit; or
you never had an income tax against which to claim the
credit. From what you describe, it doesn't appear that the
ITC came from a passive activity (which could have limited
its availability). So you might need to see if the credit
should have been claimed in intervening years (probablyl
closed years).

--
Thomas E Healy, CPA, PC
1650 38th St., Ste 202W
Boulder, CO 80301
Please send email to: tom[at]tomhealycpa.com, since I block all email at my
newsgroup address.
phone (303) 443-1804
fax (720) 489-3772

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I had my own business and accumulated "investment tax
credits" of approximately $4500. I always operated as a
sole proprietership. Years later I still have this unused
ITC. Can I utilize the ITC to offset any taxes I owe from
the sale of real estate.

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