Screen MNCrS - Minnesota Credits (1120)

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Credits

Total employer transit pass credit
Enter the total employer transit pass credit for the corporation. The application automatically applies this credit to the corporation’s tax liability and transfers the remaining credit through to the shareholders on Schedule KS.
Employer transit pass credit claimed by the corporation (Force)
Enter an amount to force a specific amount of employer transit pass credit to the S Corporation. Any difference between this amount and the total amount of the credit entered in the
Total employer transit pass credit
field passes through to the shareholders.
Total enterprise zone credit
Enter the total enterprise zone credit for the corporation. The application automatically applies this credit to the corporation’s tax liability and transfers the remaining credit through to the shareholders on Schedule KS.
Enterprise zone credit claimed by the corporation (Force)
Enter an amount to force a specific amount of enterprise zone credit to the S Corporation. Any difference between this amount and the total amount of the credit entered in the
Total enterprise zone credit
field passes through to the shareholders.

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