Look back

Forum|Forum|4 years ago
January 29, 2022
2 replies
33 views

Good morning, I am new this year. I am having problems trying to find where I input the look back information. I have a client coming in later who asked about it and I want to be prepared.

Thanks for the help!!

ProSeries Basic

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Best answer by garman22

Yes!!

It hit me when you started to explain it.

If you found it great, but yes, within the EIC form there should be a question that asks if you want to use 2019's income for the EITC. This of course assumes income in 21 is less than 19. You may use that year again in 2021.

J

jeffmcpa2010

Level 10

Are you talking about putting in last years information so you can show it on the "two year comparison"?

You can enter that right on that form taking the information from the prior return.

To enter more detailed information would require using the prior years program and re-entering all of the detailed information to create a complete copy of the prior return.

If you are talking about important information that carries from one year to the next, there is a carryover schedule you can open up and enter the carryover items from the prior return.

G

garman22

Intuit Community Champion

I literally wasnt sure what "look back" meant.

S

SWD2012Author

Level 3

From what I can gather, it means to compare from 2019 to see if that year's earned income would be better for the tax payer. The IRS allowed this same thing last year. Where I worked last year had it already programed in. Im on my own this year, and need all the help I can get

T

TaxGuyBill

Level 15

I suspect they mean the "lookback" to 2019 Earned Income for purposes of the Earned Income Credit.

It is on the "EIC Worksheet" (you can go to the "Find Form" button, type "EIC", then click the "EIC Worksheet"). Scroll down to the worksheet between lines 5 and 6.

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