Screen GBC-5 - Form 8906, 8908, 8932, 8904 (1120)

Overview

Screens GBC-1, GBC-2, GBC-3, GBC-4, GBC-5, and GBC-6 are available in the Farm, Farm Rental, and Rent & Royalty folders and are activity-based screens. For miscellaneous non-activity related credit data entry, the screens are also part of the Credits folder.
Enter the passive credit carryovers on the PALCr or PALCrESB screens in the appropriate activity folder.

Form 8932 - Credit for Employer Differential Wage Payments

Salaries and wages on Page 1 of the tax return are automatically reduced by the Form 8932 current-year credit. If you want the wage reduction from the credit to be allocated to Cost of labor on Form 1125-A, or to Officer's compensation, enter either a percentage
or
an amount of the credit you want to allocate. If data is not entered in the percentage or amount fields, or if the entire reduction for the Form 8932 credit is not used, the reduction for the Form 8932 credit is allocated to salaries and wages on Page 1 of the tax return.
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