Refundable Child Tax Credit

Forum|Forum|6 years ago
July 8, 2020
1 reply
17 views

Anyone can help with this, please?

what is the link between the dividends income and ACTC refundable? A client has five kids under 17 earning 125,000 as wages. He gets a full $7k refundable CTC however as soon as I enter his dividend of $50k, the ACTC starts going down.

Thank you in advance.

ProConnect Tax Online

This topic has been closed for replies.

Just-Lisa-Now-

Intuit Community Champion

Does the form 8812 show the computation?

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A

atif1040Author

Level 3

There is 8812 but does not show dividend income there.

Just-Lisa-Now-

Intuit Community Champion

Ahhh...I see what you mean. I just tested it on a return and added dividend income and it started wiping out the ACTC and completely eliminated at at a certain point.

Im using ProSeries but Im not seeing a worksheet or schedule anywhere that really walks through the computation.

Theres got to be a worksheet in the actual 1040 instructions somewhere.....Im not going digging though, sorry!

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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