Deductions & credits
Yes. The Form DR 1317 line 3 is already reduced by 50%. For example, if you contributed $2,000, DR 1317 Line 3 will show $1,000. Enter $1,000 in TurboTax for "Credit Allowed" and your CO should decrease by the credit of $1,000.
Yes. The Form DR 1317 line 3 is already reduced by 50%. For example, if you contributed $2,000, DR 1317 Line 3 will show $1,000. Enter $1,000 in TurboTax for "Credit Allowed" and your CO should decrease by the credit of $1,000.
