Screen CACrCO - California Prior Year Credit Carryovers (1040)

Overview

Use this screen to enter carryover information to complete Schedule P (540) or P (540NR), Alternative Minimum Tax and Credit Limitations, or Form 3540, Credit Carryover Summary. The credit forms are available in the Non Calculating folder to complete as needed. Any completed, noncalculating forms that are required in an electronically filed return are included in the electronic file.

Offset Excess Tax, Limited Carryover

Enter credit carryover amounts with respect to credits that offset excess tax and have limited carryover provisions in this section. UltraTax CS uses this information together with current-year credit information in the CACr Screen to complete Schedule P (540), Schedule P (540NR), or Form 3540. Amounts transfer to Schedule P (540) or P (540NR), Section A2. The credit forms are available in the Non Calculating folder to complete as needed. Any completed, noncalculating forms that are required in an electronically filed return are included in the electronic file.
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