Screen NCCredit - North Carolina Tax Credits (1040)

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Credits Limited to 50% of Tax

Credit installments and carryovers to future years don't proforma for credits entered in this screen.
Rehabilitation credits
Enter total qualified expenditures. This amount reduces by the percentage indicated and one-fifth of that amount is taken as the installment for the current year. Use the
Credit installment (Force)
field to enter an amount different than the calculated amount or to enter an installment copied over from a prior year.
Historic rehabilitation credits
Enter the full amount of the credits calculated on Form NC-Rehab and include the form with the filed return. Returns including these credits must be paper filed.
Tax credits carried over from previous year
Enter the description and amount of tax credits copied over from the previous year to be reported on Form D-400TC. The carryover from the prior year doesn't proforma.

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