MA Deleading Credit

[CrimsonK]

I de-leaded my house purchased in 2023. From previous posts I know I have to attach both the letter of compliance and the MA Schedule LP to my state return and mail it in (can't e-file as a result), but in order to have the correct amounts on my Turbotax created return, where do I have to input the credit? Past posts have said the "business related non-refundable credits from a MA k-1 or transferred to you" but I also see the lead paint credit in the "non-refundable credits" section. I'm assuming I would only put it in one, but if the de-leading was done for my own house that is not a rental property, do I use one section over the other? Thanks!

[AmyC]

2023 Schedule CMS Instructions state that section 3 is for k-1 pass through. Since yours is not from a k-1, you would not use section 3. Section 1 is for nonrefundable credits not from a k-1.

2023 Schedule CMS: Credit Manager Schedule

Page 4 of the 2023 Form 1 Instructions: 

Increase to the Lead Paint Tax Credit Effective for tax years beginning on or after January 1, 2023, the maximum amount of the Lead Paint Tax Credit has been increased from $1,500 for each residential unit in which lead paint was deleaded to $3,000. 

In addition, the maximum amount of the credit for residential units in which lead paint was partially covered or removed has been increased from $500 to $1,000.

You need to include 2023 Schedule LP: Credit for Removing or Covering Lead Paint on Residential Premises