Screen Cr-Bus3 - Forms 8826, 8845, 8881, 8882, 8932 (1040)

Show all hidden content

Overview

Prior year passive credit carryovers
For passive credits only, enter the amount of the passive-activity credit that was suspended in a prior year due to a limitation on Form 8582-CR. (See the following proforma note.) The Form 8582-CR calculation uses both the current-year credit and carryover information entered in this field to determine both the allowed and unallowed amounts for the current year.
note
UltraTax CS proformas the unallowed amounts from the previous year, if any, into this field.
Wages attributable to credit for increasing research activities
Enter the total qualified differential wages attributable to research activities. The amount here is multiplied by the differential wage payments rate and entered on Form 6765, line 27.

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close