George4Tacks
Level 15

Main Street Small Business Tax Credit

CA Credits Screens 47; Codes 177-184

Please enter the information to flow to Form 3866. The identifying information will pull from the return so you should only need to enter something if the information is different. If the information is from a passthrough entity, please put in a 1 amount under the field passthrough.

Please note that in the Partnership module this credit will not be able to be specially allocated on the K-1. To allocate an amount that is different from the computed amount for a partner, use the CA Miscellaneous section on the Partner Miscellaneous Info screen. You will then need to use the Supplemental K-1 screen to enter the data required to be distributed to the partner (Confirmation number, taxpayer generating credit name, etc)


Here's wishing you many Happy Returns