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Entering individual Oregon Form 40 Residential Energy Credit in Lacerte

by Intuit Updated 1 year ago

This article will assist you with entering Oregon Form 40, Residential Energy Credit, in the Individual module of Lacerte.

All credit codes have changed beginning with tax year 2015. For a complete list of codes, refer to the Oregon Publication OR-CODES.

Follow these steps to enter the OR Residential Energy Credit:

  1. Go to Screen 53, Other Credits.
  2. Select Oregon Other Credits from the left St. Credits box.
  3. Hold down Ctrl+E in the Other carryforward credits (Ctrl+E) field (code 41).
  4. Select Residential Energy [861].
  5. Enter the corresponding amount(s) in the applicable Previous Year Amount and/or Current Year Amount columns.
  6. Click OK.

This credit flows to Schedule OR-ASC, Section 4: Carryforward credits (codes 835 - 865), line(s) 4. The allowed credit amount will flow to Form 40, line 28.

Refer to Oregon Publication OR-17 for more information about the Residential Energy Credit.

Lacerte Tax

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