I am a small business owner and I have tipped employees. I file using a K1 form. I am due a tip credit carryover from 2017 and my accountant says it needs to go on a form Form 3800, Part III, Line 4(f) . Box “C” should be checked at the top.
I dont see how to do that
You'll need to sign in or create an account to connect with an expert.
This is under Business Credit Carryforwards. Go to search on the easy step side. Search topics for 3800. Jump to it. Yes, you have carryforwards. The credit you are selecting is 8846 (Employer SS and Medicare). There will be a place to explain how it was computed. You can make sure it is correct by going to the Forms Mode: Form 3800 Pt.3.
If you are adding a second one, there is a spot (see screenshot) to add another one.
[Edited 04.09.19|5:22pm PST]
This is under Business Credit Carryforwards. Go to search on the easy step side. Search topics for 3800. Jump to it. Yes, you have carryforwards. The credit you are selecting is 8846 (Employer SS and Medicare). There will be a place to explain how it was computed. You can make sure it is correct by going to the Forms Mode: Form 3800 Pt.3.
If you are adding a second one, there is a spot (see screenshot) to add another one.
[Edited 04.09.19|5:22pm PST]
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
kate-tolle
New Member
chas0327
New Member
perpro
Level 1
Dragon2021
Level 2
ezraswife
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.