Entering Form 8881 credit for small employer pension plan startup costs in Lacerte

This article will assist you with entering amounts for Form 8881, Credit for Small Employer Pension Plan Startup Costs. Follow the steps below for the applicable module.

To enter amounts for Form 8881 in a Corporate return:

1. Go to Screen 28, General Business Credits (3800).
2. Select the section Credit for Small Employer Pension Plan Startup Costs and Auto-Enrollment (8881) from the lower left section menu.
3. Enter the applicable information.

To enter amounts for Form 8881 in a Partnership return:

1. Go to Screen 20, Credits.
2. Select Other Credits from the top-left section menu.
3. Scroll down to the section Small Employer Pension Plan Startup Costs and Auto-Enrollment Credit (Form 8881).
4. Enter the applicable information.

To enter amounts for Form 8881 in an Individual return:

1. Go to Screen 34, General Bus. & Passive Act. Credits.
2. Scroll down to the Other General Business Credits section.
3. Locate the Credit for Small Employer Pension Plan Startup Costs and Auto-Enrollment subsection.
4. Enter the Qualified startup costs (8881 Part 1).
5. Enter any other applicable fields in this section.