I rolled fwd a credit from last year which I want applied to my taxable income. Last year it showed up on Schedule 3 line 14. Where do I add this credit?

[LenaH]

It depends.

I have attached a picture of the 2019 Schedule 3 below. As shown, there are various credits listed on the form. Depending on which credit you rolled over to 2020, will determine how to enter and report on this year's return.

Please comment below with which credit you are referring to and we can assist you further. 

[gus-89]

Thank you Lena! Last year it was in Part II line 8. How do I add it to this year's return? When I type Schedule 3 Turbo Tax re-directs me to Schedule C...

[VolvoGirl]

Did you apply some or all of your 2019 refund to 2020?

If it didn’t transfer over from last year, then enter a refund from last year that you applied to this year here. BUT first make sure it’s not already there. You don’t want to apply it twice.

Federal on left

Deductions and Credits at top

Then scroll way down to Estimates and Other Taxes Paid

Other Income Taxes - Click the Start or Revisit

Next page scroll down to 2019 Refund Applied to 2020

Click Start or Update by the tax you applied

[gus-89]

That did it, thanks!