Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
In anticipation of the upcoming Exempt Org and Texas Franchise deadlines (5/15), we've compiled a list of the most common questions here.
In anticipation of the upcoming Exempt Org and Texas Franchise deadlines (5/15), we've compiled a list of the most common questions here.
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- where to enter for a 1040, a general business credit carryback?
where to enter for a 1040, a general business credit carryback?
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
LisaPap
Level 3
11-11-2023
08:45 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
there's a fair bit of info how to enter a carryforward, but almost nothing about a carry back. I have a general business credit (efficient home credit from a flow through entity) carry back to show on an amended 1040, but there seems to be no way to enter it. The Form 3800 Part III has a checkbox for carryback, but I can't just add a 3800 Part III. when I click on Forms and 3800 Part III, there are existing forms listed which I can click on. At the bottom where we can generally add a form, it shows, but the radio button does not allow me to click on it. If I were to put it on the K-1, it shows up as a current yr credit, not a C/B. I tried that and then overriding the Carryback checkbox on form 3800 Part III, but ProSeries clearly did not like that - lots of error messages! So is there no way to show a credit carryback in ProSeries???? If so, that's disturbing.
Labels
1 Comment 1
LisaPap
Level 3
11-11-2023
09:35 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Figured out the answer myself! At bottom of 3800 worksheet there is a place to enter credit carry forwards and carry backs (at first glance it had seemed as if it was only for credit carry FORWARDS) - and must also check the box at top of 1040-X to show credit carrybacks are included.
