Screen NHBCrCO - New Hampshire Prior Year Credit Carryovers (1040)

Show all hidden content

Overview

Information entered in this section is used to complete Form DP-160, Schedule of Credits, and the BET Credit Worksheet. Enter amounts for each carryover. These are used to calculate Forms DP-160, NH-1040, and Form BET.

DP-160 Credits Carryforward

Use this section to complete Form DP-160, Schedule of Credits. Credits are used in the following order:
  1. Coos County Tax Credit
  2. CFDA - Investment Tax Credit
  3. Economic Revitalization Zone Tax Credit
  4. Research and Development Credit
CFDA - Investment Tax Credit (ITC)
Enter new CFDA Investment Tax credit on the
NHBCr
screen. Enter the amount of carryover available from prior year credits on this screen. Enter the amount used for the Insurance Premium Tax on the
NHBCr
screen; this will reduce the carryover going forward to . Carryover credits calculated on Form DP-160 proformas each year.

BET Credit Carryforward

UltraTax CS uses the amount(s) proforma’d from a prior year or the amounts you enter to calculate the New Hampshire BET Credit Worksheet. This calculated amount then transfers to Form NH-1040. If no amounts are entered, UltraTax CS uses the BET tax calculated on Form BET to calculate Form NH-1040.

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close