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Generating Form 5884, Work Opportunity Credit in ProConnect Tax

by Intuit• Updated 3 months ago

Select your module below to learn how to generate Form 5884 in the program:

Individual

Follow these steps to generate Form 5884 for a sole proprietorship (Schedule C):

  1. Go to Input Return ⮕  Credits ⮕ General Business and Vehicle Cr. 
  2. Under the Credits section, select the Form dropdown menu and choose Schedule C.
  3. Select the activity from Activity name or number. 
  4. Select the Employment tab.
  5. Locate the Work Opportunity Credit (5884) section.
  6. Under the Qualified Wages Paid subsection, enter the 25% (line 1a) (qualified first-year wages of employees who worked at least 120 hours but fewer than 400 hours for you).
  7. Enter the 40% (line 1b) (qualified first-year wages of employees who worked at least 400 hours for you).
  8. Enter the 50% (line 1c) (qualified second-year wages of employees certified as long-term family assistance recipients).

Follow these steps to generate Form 5884 for a passthrough partnership:

  1. Go to Input Return ⮕ Income ⮕ Passthrough K-1's.
  2. Select Partnership Info (1065 K-1)
  3. Select the Lines 11-20 tab.
  4. Scroll down to the Line 15 - Credits and Withholding section.
  5. Select J= Work opportunity credit from the K-1 Code dropdown menu.
  6. Enter the Amount of Credit.

Follow these steps to generate Form 5884 for a Passthrough S Corporation:

  1. Go to Input Return ⮕ Income ⮕ Passthrough K-1's ⮕ S-Corp Info (1120S K-1)
  2. Select the Lines 11-17 tab.
  3. Scroll down to the Line 13 - Credits and Withholding section.
  4. Select J= Work opportunity credit from the K-1 Code dropdown menu.
  5. Enter the Amount of Credit.
  1. Go to Input Return ⮕ Schedule K ⮕ Credits ⮕ Other Credits.
  2. Select the Employment tab.
  3. Scroll down to the Work Opportunity Credit (5884) section.
  4. Under the Qualified Wages Paid subsection, enter the ** 25% (line 1a) (qualified first-year wages of employees who worked for you at least 120 hours but fewer than 400 hours).
  5. Enter the 40% (line 1b) (qualified first-year wages of employees who worked for you at least 400 hours).
  6. Enter the  50% (line 1c) (qualified second-year wages of employees certified as long-term family assistance recipients).
  7. Enter any remaining applicable fields.
  1. Go to Input Return ⮕ Schedule K ⮕ Credits ⮕ Schedule K Credits.
  2. Select the Employment tab.
  3. Scroll down to the Work Opportunity Credit (5884) section.
  4. Under the Qualified Wages Paid subsection, enter the ** 25% (line 1a) (qualified first-year wages of employees who worked for you at least 120 hours but fewer than 400 hours).
  5. Enter the 40% (line 1b) (qualified first-year wages of employees who worked for you at least 400 hours).
  6. Enter the  50% (line 1c) (qualified second-year wages of employees certified as long-term family assistance recipients).
  7. Enter any remaining applicable fields.
  1. Go to Input Return ⮕ Credits ⮕ General Business Credits (3800)
  2. Select General Business Credits in the drop down.
  3. Select the Employment tab.
  4. Locate the Work Opportunity Credit (5884) section.
  5. Under the Qualified Wages Paid subsection, enter the 25% (line 1a) (qualified first-year wages of employees who worked at least 120 hours but fewer than 400 hours for you).
  6. Enter the 40% (line 1b) (qualified first-year wages of employees who worked for you at least 400 hours).
  7. Enter the 50% (line 1c) (qualified second-year wages of employees certified as long-term family assistance recipients).
  8. Enter any remaining applicable fields.
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