Hi Dave,
Thank you for responding. Your answer is not correct for 2019 TurboTax Deluxe. I spent a long time on the phone today with a very helpful and nice TurboTax support person from New York. Apologies, but I can't recall her name or I would share it as an example of great customer service.
The support person was very patient and was able to solve the issue.
You can not use the Interview steps to enter the VCI tax credit. You need to open your IT-40 and click on line 13, which will take you to Schedule 6. Scroll down on Schedule 6 until you get to "Other Credits Smart Worksheet" section and click on the entry field for 'C 1'. Click on the + sign that appears to add supporting details. Complete the supporting details info. Please note that you can only specify the amount of VCI tax credit that is same or less than the total State taxes due. Not the combined State and Local, but only the State taxes due. Wish it was both, but not the case. After closing the supporting details box, then verify the amounts carry down to the bottom of Schedule 6. In section 6 "other credits", the code for VCI credit is '835'. You might need to add the Credit Name in this section. I added "2019VCI TAX CREDIT-PARTIAL", since I was only able to add a part of my 2019 VCI credit. I did not see where you can show the initial total VCI credit amount. The amount will be transferred to your IT-40 and will show toward your refund.
For some reason the current version of TurboTax does not contain a "Business and investment credits" section. If others ask, please share the information I provided above.
Kind regards,
PeterD
