Debbie CPA
Level 1
07-14-2020
05:29 PM
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Line 29 asks to enter qualified research expenses for 3 prior tax years
No help in instructions. Surely this can't mean to report expenses claimed in prior years??
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Moderator
07-15-2020
01:33 PM
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The government instructions give a bit more of an expanded description:
Line 29
Enter your qualified research expenses for the prior 3 tax
years. If the credit terminates during the tax year, prorate the
qualified research expenses for the prior 3 tax years for the
number of days the credit applied during the tax year.
https://www.irs.gov/pub/irs-pdf/i6765.pdf
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