Common questions about Form 8880 Retirement Saving Contribution Credit

Prevent Form 8880 from generating?

• To suppress the taxpayer’s credit because the taxpayer was claimed as a dependent:
  1. Open Screen 1, Client Information.
  2. In the Section list, select Taxpayer Info.
  3. In Dependency Status, select Taxpayer claimed as a dependent.
• To suppress the credit because the taxpayer or spouse was a student (Option 1):
  1. Open Screen 1, Client Information.
  2. In the Section list, select Taxpayer or Spouse Information.
  3. Type Student in Occupation.
• To suppress the credit because the taxpayer or spouse was a student (Option 2):
  1. Open Screen 39, EIC, Elderly, Other Credits.
  2. In the Section list, select Retirement Savings Contributions Credit (8880).
  3. Enter 1  in 1=student or dependent, 2=not a student [O].
• To suppress the spouse’s credit because the spouse was claimed as a dependent:
  1. Open Screen 39, EIC, Elderly, Other Credits.
  2. In the Section list, select Retirement Savings Contributions Credit (8880).
  3. Enter 1  in 1=student or dependent, 2=not a student [O].

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