Drake Tax - 1065: Basis for General Business Credit

Article #: 10358

Last Updated: October 18, 2024

 


Tags: Drake Tax

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How to address Return Note 353

Return Note 353 appears in a 1065 return alerting you that an adjustment may be needed due to business credits taken on the return.

On a 1065 return, on each K1 screen > Basis Wks tab on line 8a Nondeductible expenses and credit adjustments.