Screen Cr-4 - Credits - Forms 8846 and 8874 (1065)

Overview

Use this screen to enter information for Forms 8846 and 8874.

Form 8846 - Tip Tax Credit

Enter tip information for each activity on a separate screen. Form 8846 includes the sum of all unit and transfers the net credit to Schedule K. The application reduces taxes and licenses of the associating activity by the amount of credit the associating activity generated. A Schedule M-1 or Schedule M-3 reconciling adjustment generates for the total amount of the tax credit adjustment from all activities.
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