Screen 8912 - Credit to Holders of Tax Credit Bonds (1040)

If all the current-year credit cannot be used because of the tax liability limit, use this field to enter the amount of unallowed credit to be deducted in the current year. UltraTax CS enters the amount as an adjustment to adjusted gross income.
It may be necessary to use the "trial and error" method to determine the amount to enter. The unallowed credit should equal the amount of the deduction.
If instead of deducting the unallowed amount in the current year, you choose to deduct it in the following year, leave this field blank. UltraTax CS proformas the amount of unallowed credit to the following year.
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