Drake Tax - 1040 - Schedule 3, Other Payments Adjustment

Article #: 16779

Last Updated: December 05, 2024

 


Tags: Drake Tax

Drake Tax logo

If an adjusting entry is needed on Schedule 3, for other payments, the adjustment can be made in data entry by going to screen 5 > Schedule 3, Part II, Line 13z.

Generally, both the Form number for which the payment was made and the associated dollar amount must be entered.

e-File Options

The following form selections will allow the return to be electronically filed, while including the following adjustments:

  • 2439 - Form 2439 - Notice to Shareholder of Undistributed Long-Term Capital Gains

  • 8885 - Form 8885 - Health Coverage Tax Credit

  • 1341 - I.R.C. 1341 - Credit for Repayments

For more information, see Form 1040 instructions.