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Common questions on Form 8880 Retirement Saving Contribution Credit in Lacerte

SOLVEDby Intuit15Updated July 14, 2023
  • Lacerte will typically generate this credit automatically based on your IRA contribution entries in Screen 10, Wages, Salaries, Tips, Screen 13.1, Pensions, IRAs (1099-R), and Screen 24, Adjustments to Income.
  • If your client meets all the conditions for the credit, but the form isn’t generating, make sure that your inputs are marked accurately as Taxpayer or Spouse. Additionally, if the credit is being reduced by a pension distribution on line 4, see Form 8880 Not Generating Credit Due to Pension Distributions in Lacerte.

Calculations and limitations addressed in this article may be impacted by inflation adjustments for the year. To see the IRS annual inflation adjustments for tax year 2021 and 2022 see here.

How do I prevent Form 8880 from generating?

To suppress the taxpayer’s credit because the taxpayer was claimed as a dependent:

  1. Open Screen 1, Client Information.
  2. In the Section list, select Taxpayer Info.
  3. In Dependency Status, select Taxpayer claimed as a dependent.

To suppress the credit because the taxpayer or spouse was a student (Option 1):

  1. Open Screen 1, Client Information.
  2. In the Section list, select Taxpayer or Spouse Information.
  3. Type "Student" in Occupation.

To suppress the credit because the taxpayer or spouse was a student (Option 2):

  1. Go to Screen 39, EIC, Elderly, Other Credits.
  2. In the left Section list, select Retirement Savings Contributions Credit (8880).
  3. Enter 1 in 1=student or dependent, 2=not a student [O].

To suppress the spouse’s credit because the spouse was claimed as a dependent:

  1. Go to Screen 39, EIC, Elderly, Other Credits.
  2. In the left Section list, select Retirement Savings Contributions Credit (8880).
  3. Enter 1 in 1=student or dependent, 2=not a student [O].

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