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How to generate Form 8820 in ​Lacerte​

SOLVEDby IntuitUpdated 1 month ago

This article will assist you with generating Form 8820, Orphan Drug Credit, in the Individual module of Lacerte.

Most provisions for the orphan drug credit are expired.

To enter a credit carryover from a prior year:

  1. Go to Screen 34, General Bus. & Passive Act. Credits.
  2. Scroll down to the Prior Year Unallowed Credits section.
  3. Locate the grid under the Other Passive Credit Carryovers subsection.
  4. For the Credit Type (Ctrl + T), select Orphan drug (8820).
    • This is under the Form 3800, Part IV, Line 1 Credits dropdown.
  5. Enter the applicable amount in the General Business Credit column.
    • This credit will flow to Form 3800 after passive activity limits have been applied.

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