Generating Form 5884, Work Opportunity Credit in Lacerte

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 Screen 34, General Business & Vehicle Credits.
2. From the Sections list, select Credits.
3. Select the Form (Ctrl+T) dropdown menu and choose Schedule C.
4. Select the activity from Activity name or number (Ctrl+T). 
5. From the Sections list, select Work Opportunity Credit (5884).
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 in the individual module for a passthrough partnership:

1. Go to Screen 20.1, Partnership Information.
2. From the Sections list, select Line 15 - Credits and Withholding.
3. In the K-1 code dropdown menu, select J = Work opportunity credit
4. Enter the Amount of Credit.

Follow these steps to generate Form 5884 in the individual module for a Passthrough S Corporation:

1. Go to Screen 20.2 - S Corporation Information.
2. From the Sections list, select Line 13- Credits and Withholding.
3. In the Code dropdown menu, select J = Work opportunity credit.
4. Enter the Amount of Credit.

Follow these steps to generate Form 5884 in the individual module for a Passthrough Estate and Trusts:

1. Go to Screen 20.2 - Estate and Trust Information.
2. From the Sections list, select Line 13- Credits.
3. In the Code dropdown menu, select F = Work opportunity credit.
4. Enter the Amount of Credit.