Regular and ESOP credit.
Regular and ESOP credit. Under 1.468(c)(9)(ii), regular and ESOP credits available are applied in the following order:
(i) Regular carryovers;
(ii) ESOP carryovers;
(iii) Regular credit earned;
(iv) ESOP credit earned;
(v) Regular carrybacks; and
(vi) ESOP carrybacks.