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Generating Form 8611 Recapture of Low Income Housing Credit in the C Corp module in Lacerte

SOLVEDby IntuitLacerte TaxUpdated September 09, 2021

To generate Form 8611 Recapture of Low Income Housing Credit in the C corporation module:

  1. In the Detail tab navigate to Screen 28.2 Schedule A (8606/LIH Recapture (8611). 
  2. Enter Kind Of Building.
  3. Enter Address of Building, Street City, State, and Zip Code. 
  4. Enter Building Identification Number (must be 9 letters or numbers).
  5. Enter Date placed in service. 
  6. Enter any other applicable information in this section.
  7. Scroll down to the section  Recapture of Low Income Housing Credit (8611).
  8. Dollar amounts can be entered in any of the following inputs: 
    • Credits reported in prior years
    • Credits attributable to additions to qualified basis
    • Recaptures from Prior Years
    • Recapture amount from flow-through entity

If Form 8611 is still not generating: 

  1. Navigate to Screen Screen 3.3 Consolidated Miscellaneous. 
  2. Click on the section Corporations included in Consolidated Return on the left-hand side of your screen. 
  3. Ensure the checkbox Compute to taxable income only isn't checked. 

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