MA Lead Paint Credit - 2024

[ebradle]

The MA Lead Paint Credit appears under the non-refundable credits list in the tool - however, it is not an option as a type of credit on the Non-Refundable Credit Information page. How do I enter this credit on my form? 

This is not for a business - this is for a personal property. I do see this credit on the business credit list. 

[AmyC]

Schedule LP is not a supported form for TurboTax.  You will NOT be able to e-file the state return as the Schedule LP must be attached in order to claim the credit.  However, you can use this workaround to claim the credit while still using TurboTax. 

 Follow these steps to claim the Lead Credit in MA using TurboTax:

1. In the MA state return, proceed until you reach Massachusetts credits
2. Select Non-Refundable Credits
3. Select Yes when asked if you have any Non-Refundable Credits
4. For the type of credit, leave the box as EMPTY
5. Enter the period end date, certificate number, credit available to you, credit you are taking this year and the credit you are sharing.  If you are not sharing enter $0 for the credit you are sharing
6. After you do this, if you have a tax liability, you will see your tax due drop by the amount available to you for the year.
7. Continue through your return
8. When done with your return, you will need to select PRINT for your state return.  You can still e-file your federal return. 
9. On Schedule CMS, in the blank spot next to the numbers you entered for the credit, hand print LEAD PAINT CREDIT or DELEADING CREDIT  NOTE:  If you are using the desktop version, you can go to forms mode and then select Lead Based Paint from the drop down menu instead of hand writing on it.
10. Download and manually fill out Schedule LP
11. Print the completed Schedule LP- if you cannot save the form with your entries you may have to hand write on the form the information being requested.
12.  Attach schedule LP to your return 
13. Mail your return to the address listed on the  instructions that will print with the return. 

“You must complete and enclose Schedule LP with your return. Failure to do so will result in this credit being disallowed on your tax return and an adjustment of your reported tax. Taxpayers must retain a copy of the Letter of Interim Control and/or Letter of Compliance”. Schedule LP Instructions

[ebradle]

The Schedule LP link attached is from 2022 - there is an updated 2024 form.  https://www.mass.gov/doc/2024-schedule-lp-credit-for-removing-or-covering-lead-paint-on-residential-...

These directions helped point me in the right direction - so thank you. 

I have the desktop version of the app and was able to use forms mode in the CMS form and will attach the schedule LP for 2024.