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Screen INCr - Indiana Credits (1040)

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Refundable Credits

Return does not qualify for Unified Tax Credit for the Elderly
The date of birth, date of death, income, residency status, and date you file the return determines the allowable Unified Tax Credit for the Elderly, if any. If other factors preclude the taxpayer from qualifying for the credit, select this field to suppress the calculation of the Unified Tax Credit.
Lake County property tax credit (Force)
Amounts which include both Code
1
 (Principal residence) and
State Use
 code
1
 (Payment qualifies for Lake County property tax credit) in the
Real estate
 statement on the federal
A
 screen determines qualifying payments for the Lake County property tax credit. Use this field to force the amount.

Earned Income Credit

Earned income credit qualifying children
This information determines if a child qualifies for the Indiana EIC. Dependents you enter on the federal
1040
 screen transfer here. The
Relation
 options are different in this statement so you'll need to select a code. You may need to adjust the actual number of months in home if the
Mths Home
 column has code
77
 or
88
 because the default is 12.
Child lived with you (Force)
The available dependent information determines if a child lived with you. Use this field to force Yes or No.
Elect to include nontaxable combat pay in earned income
Nontaxable combat pay may increase or decrease the amount of Indiana earned income credit. Mark this box if the taxpayer elects to include nontaxable combat pay in earned income.
One of the following conditions applies (Force)
The federal information determines if any of the conditions exist on Form IT-EIC, Step 2, Question 4. Use this field to enter a different.

Nonrefundable Credits

Income taxed by non-Indiana locality (Force)
The Indiana Credit for Local Taxes Paid Outside Indiana Worksheet uses local wages you enter in Box
18
 on the federal
W2
 screen that have
State Use
 code
18
. Use these fields to force the taxpayer and spouse amounts of income taxed by non-Indiana locality used on the worksheet.
Local taxes paid outside Indiana (Force)
The Indiana Credit for Local Taxes Paid Outside Indiana Worksheet uses information from the federal
W2
 screen and Form IT-40/IT-40PNR. Enter an amount here to suppress the default calculations on the worksheet.
Community Revitalization Enhancement District credit
Enter the full amount of the Community Revitalization Enhancement District Credit. Amounts to offset local and state liabilities allocate automatically.
Public School Educator Expense Credit
Amounts with
IN
 postal code and State Use code
1
 entered in the
Educator expenses
 statement on the federal
OtherAdj
 screen copies here. Enter any qualifying expenses you didn't enter at the federal level. Information in this statement calculates the Public School Education Expense Credit for Schedule 6 or Schedule G.
Other credits
Enter the nonrefundable credit amount to report on the return. Information in this statement is used to for Schedule 6, Schedule G, and Schedule IN-OCC.
Schedule CC-40 credit
Use either the
Contributions by cash or check
 or
Noncash contributions
 statement in the federal
A
 screen to enter current-year contributions, including Date,
State Use
 code
24
, and 4-digit
State Institution Code
.
For contributions entered elsewhere, such as K-1 activity or the federal
8283P1
 screen, enter complete information here.
Federal adoption credit
Information proformas to these fields from prior year federal Form 8839. These fields along with information from Form 8839 are used in the calculation of the Indiana Adoption Credit Worksheet.

This article applies to:

  • PRODUCT: UltraTax CS
  • Return type: 1040 Individual
  • State: Indiana

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