PatriciaV
Expert Alumni

Business & farm

Thank you for the tokens from 2023 & 2024. Based on this information, here is how to resolve this form error:

 

Open your return and go to Wages & Income >> Business Items >> Business Deductions and Credits.

  1. Start/Update Other Business Credits.
  2. Start/Update General Business Credits.
  3. Answer Yes for carryforwards.
  4. Enter the information from Form 3800 Part V of your 2023 tax return.
    1. General Business Credit Carryforward
    2. Line number from Form 3800 Part III.
    3. Year of this credit (2023).
    4. Nonpassive (confirm with prior year form).
    5. Carryforward Amount.
  5. Add a description. Ex: 2023 Form 8436 $XX,XXX.
  6. Continue through the interview to see your credit allowed for 2024.
  7. Run Smart Check again.

@zurheide 

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