Drake Tax - 1040: Form 8846

How to enter information for Form 8846

There are two options.

• Use the 8846 screen. The credit is part of the General Business Credit (Form 3800). Entries on the 8846 screen carry to Form 3800, Part III, line 4f, Employer social security and Medicare taxes paid on certain employee tips (Form 8846).

• If you have a K-1 from a partnership (1065) or S corporation (1120-S), fill out the appropriate K1P or K1S screen, and on the credits line (line 15 for the K1P and line 13 for the K1S) select N.

From there, the credit flows to Form 3800 and then to Schedule 3, line 6a.

For more information, see the instructions with Form 8846.