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Common questions for Form 3523 (Research Credit)

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Common questions for Form 3523 (Research Credit)

Down below are common questions asked relating to the Form 3523 Research Credit:

  1. Under Section on the left panel, select Research Credit (3523)
  2. Enter the nonpassive activity credit carryover from prior years to print on Form 3523, line 23 or 45 in Non-Passive Activity Credit Carryover (Screen 49.011; Code 29)
This will occur when the California Schedule P is present. Instead of calculating on Form 3523, the carryover is calculated on Schedule P. The amount of carryover calculated on the Schedule P is then displayed on the General Information sheet in the Forms view.

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