Screen 28, way down at the bottom:
Section 383/384 Limitation
|Miscellaneous||Screen 28; Code 498|
Enter any limitation on the amount of the general business credit that can be applied due to ownership change. Or, enter the limitation on the use of pre-acquisition excess credits of one corporation to offset the tax attributable to recognized built-in gains of another corporation. Attach a computation of the allowable general business credit. Use the next field, “IRC section for limitation: 1=383 (default), 2=384” (Screen 28.1, code 499) as necessary to designate the appropriate verbiage to print, such as “Sec 383” or “Sec 384.”
yes. I put in -1, and the line 17 is zero. but on page two it's still allowing the credit. I can't seem to find how to override ...
I want page two of 3800 to show zero as the allowed amount. because of the change in ownership, and the fact that I also have nol's that are limited, i want the allowed credit = 0
if i put the amount that is being computed as allowed as a limitation on the input line we are speaking of, thinking it will end up on line 28 in order to reduce the credit, it still doesn't work through.
I can make it work by deleting the credit carryforward entirely and printing the page, and the re-entering it...for carryforward purposes, and file paper.
Contact support so that they can see all your data and help you out. Too many variables to handle on this forum with another user.