Select your module below to learn how to generate Form 5884 in the program:
Individual
Follow these steps to generate Form 5884 for a sole proprietorship (Schedule C):
- Go to Screen 34, General Business & Vehicle Credits.
- Under the Credits section, select the Form (Ctrl+T) dropdown menu and choose Schedule C.
- Select the activity from Activity name or number (Ctrl+T).
- Scroll down to the Work Opportunity Credit (5884) section.
- Under the Qualified Wages Paid subsection, enter the 25% (line 1a) (qualified first-year wages of employees who worked at least 120 hours but fewer than 400 hours for you).
- Enter the 40% (line 1b) (qualified first-year wages of employees who worked at least 400 hours for you).
- Enter the 50% (line 1c) (qualified second-year wages of employees certified as long-term family assistance recipients).
Follow these steps to generate Form 5884 for a passthrough partnership:
- Go to Screen 20.1, Partnership Information.
- Scroll down to the Line 15 - Credits and Withholding section.
- Select J = Work opportunity credit from the K-1 Code dropdown menu.
- Enter the Amount of Credit.
Follow these steps to generate Form 5884 for a Passthrough S Corporation:
- Go to Screen 20.2 - S Corporation Information.
- Scroll down to the Line 13- Credits and Withholding section.
- Select J = Work opportunity credit from Code dropdown menu.
- Enter the Amount of Credit.