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Common questions about Minnesota Other Credits in Lacerte

by Intuit Updated 1 year ago

Other Credits - Screen 53.222

  • Marriage Credit - Earned Income [A] Taxpayer/Spouse - The federal program automatically calculates the earned income used to calculate the marriage credit (earned income credit worksheets). To adjust the federal number, enter the appropriate adjusting amount. Enter a decrease as a negative number.
  • Credit for Past Military Service - Check the box Veteran eligible for credit if the taxpayer or spouse is a veteran and eligible for the Past Military Service credit.
  • Schedule EPT Credits - ETP credit from pass-through entities - Enter the ETP credit reported on pass-through forms KPI, KS, or KF. This amount is included on Schedule M1C, Line 4. It does not generate Schedule ETP.
  • Seed Capital Investment Credit - Enter the Seed capital investment credit. This credit will be included in total credits on Form M1, line 22.

Related topics:

Lacerte Tax 2023

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