Screen IL1299-2 - Illinois Business Credits Section B (1040)

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Overview

Use this screen to prepare Schedule 1299-C, Credits.

Five Year Credits

Instructional materials and supplies credit
UltraTax CS transfers the federal educator expenses from the OtherAdj Screen, in the federal Adjustments folder, that have a state postal code of
IL
. Enter the school name for each item in the statement.
Adoption Credit
Adoption credit is available only if there is a federal adoption credit. Use the federal 8839 screen for your initial data entry.

Carryovers

Carryover detail information
For each individual credit, enter the Years left to carry, Credit Code, Tax year credit earned and Carryover amount from prior year. For credits expiring in the current year, enter zero for years left to carry.

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