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Screen KSCSCr - Kansas Community Service Contribution Credit (1040)

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Overview

Use this screen to complete Schedule K-60, Community Service Contribution Credit.

General Information

Use this section to complete claimant information for Schedule K-60. The
Name of entity
 field prints when an the ownership percentage is entered.
Claiming an assigned credit
Enter
X
 if this credit was acquired from a business not subject to Kansas income, privilege, or premiums tax. Assigned credits are not eligible for refund and must be transferred forward when not used.

Computation

Tax liability remaining after other previously claimed credits (Force)
The nonrefundable credits are used to offset the Kansas tax liability in the order automatically calculated. The credit(s) for taxes paid to other states is used first, followed by the credit for child and dependent care expenses, then the remaining credits, if any, are used. If a different amount of the Community Service Contribution Credit is desired to offset the Kansas tax liability, enter the amount in this field. If the amount of tax liability remaining is greater than the Community Service Contribution Credit, then enter the amount of the remaining liability that has not yet been reduced by any available nonrefundable credits. If the amount of remaining tax liability is less than the calculated credit, then the remaining nonrefundable portion of the Community Service Contribution Credit is transferred forward if this credit is an assigned credit; otherwise the unused credit is refunded.

This article applies to:

  • PRODUCT: UltraTax CS
  • Return type: 1040 Individual
  • State: Kansas

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