Generating Form 7207 in ProConnect Tax

Starting in tax year 2023, you can generate Form 7207 in ProConnect Tax. This Form is for the Advanced Manufacturing Production Credit. To review the IRS instructions, see here. To see how to generate the form in ProConnect Tax, select your tax type:

Generating the 7207 in the Partnership module:

1. Go to Input Return ⮕ Schedule K ⮕ Credits.
2. Select Advanced Manufacturing Production Credit.
3. Complete Part 1 Facility Information for each facility.
4. From the Sections select the Part that's applicable for this client.
5. Complete any applicable information.

Generating the 7207 in the Corporate module:

1. Go to Input Return ⮕ Credits. General Business Credits (3800)
2. Select Advanced Manufacturing Production Credit.
3. Complete Part 1 Facility Information for each facility.
4. From the Sections select the Part that's applicable for this client.
5. Complete any applicable information.

Generating the 7207 in the S-corporate module:

1. Go to Input Return ⮕ Schedule K ⮕ Credits
2. Select Advanced Manufacturing Production Credit.
3. Complete Part 1 Facility Information for each facility.
4. From the Sections select the Part that's applicable for this client.
5. Complete any applicable information.