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Enter Schedule K-1 (1065) credits for a 1040

Use the table to determine data entry for various credits reported on a Schedule K-1 from a 1065 Partnership return.
K-1 Box 15
Folder > Screen
Field
Codes C and D - Low-income housing Credit
K1 1065, 1120S > K1-4 Screen
Low-income housing credit from pre-2008/post-2007 buildings
Code E - Qualified rehabilitation expenditures (rental real estate)
K1 1065, 1120S > 3468
Various
Code F - Other rental real estate credits
Various based on what type of credit is identified by the Partnership
Various
Code G - Other rental credits
Various based on what type of credit is identified by the Partnership
Various
Code H - Undistributed capital gains credit
K1 1065, 1120S > K1-4 Screen
Undistributed capital gains credit
Code I - Biofuel producer credit
K1 1065, 1120S > K1-4 Screen
Credits statement
Code J - Work opportunity credit
K1 1065, 1120S > K1-4 Screen
Credits statement
Code K - Disabled access credit
K1 1065, 1120S > K1-4 Screen
Credits statement
Code L - Empowerment zone employment credit
K1 1065, 1120S > K1-4 Screen
Credits statement
Code M - Credit for increasing research activities
K1 1065, 1120S > K1-4 Screen
Credits Statement
Code N - Credit for employer social security and Medicare taxes
K1 1065, 1120S > K1-4 Screen
Credits statement
Code P - Unused investment credit from the qualifying advanced coal project credit or qualifying gasification project credit allocated from cooperatives (Form 3468)
K1 1065, 1120S > 3468 Screen
Unused investment credit from cooperatives (Part II)
Code U - Unused investment credit from the rehabilitation credit allocated from cooperatives
K1 1065, 1120S > 3468 Screen
Unused investment credit from cooperatives (Part III)
Code Z - Orphan drug credit (Form 8820)
K1 1065, 1120S > K1-4 Screen
Credits statement
Code AA - Enhanced oil recovery (Form 8830)
K1 1065, 1120S > K1-4 Screen
Credits statement
Code AB - Renewable electricity production credit
K1 1065, 1120S > K1-4 Screen
Credits statement
Code AC - Biodiesel, renewable diesel, or sustainable aviation fuels credit
K1 1065, 1120S > K1-4 Screen
Credits statement
Code AD - New markets credit (Form 8874)
K1 1065, 1120S > K1-4 Screen
Credit statement
Code AE - Credit for small employer pension plan startup costs (Form 8881)
K1 1065, 1120S > K1-4 Screen
Credits statement
Code AH - Credit for employer-provided childcare facilities and services (Form 8882)
K1 1065, 1120S > K1-4 Screen
Credits statement
Code AI - Low sulfur diesel fuel production credit (Form 8896)
K1 1065, 1120S > K1-4 Screen
Credits statement
Code AJ - Qualified railroad track maintenance credit (Form 8900)
K1 1065, 1120S > K1-4 Screen
Credits Statement
Code AL - Distilled spirits credit (Form 8906)
K1 1065, 1120S > K1-4 Screen
Credits statement
Code AN - Alternative motor vehicle credit (Form 8910)
K1 1065, 1120S > K1-4 Screen
Credits statement
Code AO - Alternative fuel vehicle refueling property credit (Form 8911).
K1 1065, 1120S > K1-4 Screen
Credits statement
Code AP - Clean renewable energy bond credit
K1 1065, 1120S > K1-4 Screen
Bond credits not reported on Form 1097-BTC
Code AQ - New clean renewable energy bond credit
K1 1065, 1120S > K1-4 Screen
Bond credits not reported on Form 1097-BTC
Code AR - Qualified energy conservation bond credit.
K1 1065, 1120S > K1-4 Screen
Bond credits not reported on Form 1097-BTC
Code AS - Qualified zone academy bond
K1 1065, 1120S > K1-4 Screen
Bond credits not reported on Form 1097-BTC
Code AT - Qualified school construction bond credit
K1 1065, 1120S > K1-4 Screen
Bond credits not reported on Form 1097-BTC
Code AU - Build America bond credit
K1 1065, 1120S > K1-4 Screen
Bond credits not reported on Form 1097-BTC
Code AV - Credit for employer differential wage payments (Form 8923)
K1 1065, 1120S > K1-4 Screen
Credits statement
Code AW - Carbon oxide sequestration credit (Form 8933)
K1 1065, 1120S > K1-4 Screen
Credits statement
Code BA - Credit for small employer health insurance premiums (Form 8941)
K1 1065, 1120S > K1-4 Screen
Credits statement
General credits from an electing large partnership
K1 1065, 1120S > K1-4 Screen
Credits statement
note
  • For bond credits that were reported on Form 1097-BTC, use the
    8912
     screen in the
    Credits
     folder to enter the credit. Don't use the
    K1-4
     screen, Credits statement.
  • For Forms 8910, 8911, and 8936, enter recapture amounts on the respective screen in the
    K1 1065, 1120S
     folder.

This article applies to:

  • PRODUCT: UltraTax CS
  • Return type: 1040 Individual
  • Subject: Credits

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