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This article applies to:

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

Enter IRC section 1341 credit

Follow these steps to enter the amount of IRC Section 1341 credit as calculated on repayments of previously taxable income in excess of $3,000.
  1. Go to the
    Taxes
     folder and select the
    OtherTax
     screen.
  2. Enter the credit amount in the
    IRC section 1341 credit
     field.

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