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willatbird
Level 5
March 20, 2020
Question

Where do I enter carryover for 8582-CR line 4b?

  • March 20, 2020
  • 1 reply
  • 11 views
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willatbird
Level 5
March 20, 2020

New client, has employer wages credit carryover from passive partnership. I can see that it needs to go on form 8582-CR, but I can't figure out how to get it there. I was hoping there was a place on the K-1 input (like carryover passive losses) but I don't see it. Clicking backwards gets me to business credit carryforwards, but that doesn't seem to indicate if it's passive.

Thank you!

George4Tacks
Level 15
March 20, 2020

Screen 34 > Left column > Carryovers/Misc Info  > There is a grid for Business Credit Carry .....,  Select Form 3800, Part III, Line 4 Credits > Work Opportunity (5884) > enter amount in 1st column

 

Answers are easy. Questions are hard!
willatbird
Level 5
March 24, 2020

This will not take it to the 8582-CR, only the 3800