KristinaK
Employee Tax Expert

Deductions & credits

It's best to do it in the Forms Mode. Look for Form 6765 first. The information from that form will flow to Form 3800. So make sure that you check it for correctness as well. 

 

Remember to reduce your expenses on Form 1120 by the amount of credit you are receiving. 

 

Also remember to attach a statement to your return stating: "Qualified applicable research and development expenses were reduced by Research tax credit amount of $$$ calculated on Form 6765, Part B. The reduction appears on line XX of Form 1120."

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