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Entering the partnership Increasing Research Credit (Form 6765) in Lacerte

SOLVEDby IntuitLacerte Tax2Updated September 29, 2021

To enter amounts for the Increasing Research Credit (Form 6765):

  1. Go to Screen 20, Schedule K Credits.
  2. Select Other Credits from the top left panel.

  3. Scroll down to the Increasing Research Credit (6765) section.

  4. Select the box Electing alternative simplified credit, if applicable.
  5. Select the box Elect reduced credit (Section 280c), if applicable.
    • If this box is selected, Lacerte will mark Yes on Line 17. 
    • Lacerte will multiply the amount on Line 16 by 13% and the amount on Line 40 by 65%.

  6. Enter the applicable expenses in the remaining fields to flow to Form 6765.

The credit will flow to the Schedule K(1065), Line 15f, Other Credits, and to the Schedule K-1, Box 15 with a code L.

If entering this information from a passthrough K-1:

  1. Go to Screen 23, Passthrough K-1's.
  2. Scroll to the Credits (15) section to enter the amounts.

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