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Article #: 19050
Credits
A number of credits are allowed on Form 1041 even though they were not allowable on the decedent’s final income tax return. For more information on credits, see the “Credits, Tax, and Payments” section of IRS Publication 559, Survivors, Executors, and Administrators.
As is the case on the Assets/Sales tab, most of the screens available through the Credits tab are identical to their counterparts in 1040 returns. Many of the Credits screens have been covered elsewhere in the Drake Tax manual and Knowledge Base. The following Credits screens are available but not covered in this article. For a full list of 1041 forms and screens, see Drake Tax – Federal 1041: Screen List (KB 20053).
Get more information on these screens: click Help from the screen toolbar (or press Ctrl+Alt+?), or press F1 in the various fields of the screens.
| Screen | Form and Credit |
|---|---|
| 3468 | Form 3468, Investment Credit |
| 5884 | Form 5884, Work Opportunity Credit |
| 588A | Form 5884-A, Credits for Affected Disaster Area Employers |
| 6478 | Form 6478, Biofuel Producer Credit |
| 6765 | Form 6765, Credit for Increasing Research Activities |
| 8586 | Form 8586, Low-Income Housing Credit |
| 8609 | Form 8609, Low-Income Housing Credit Allocation and Certification |
| 8820 | Form 8820, Orphan Drug Credit |
| 8826 | Form 8826, Disabled Access Credit |
| 8834 | Form 8834, Qualified Electric Vehicle Credit (EXPIRED: The credit will apply only if there is a passive carryover from a prior year.) |
| 8835 | Form 8835, Renewable Electricity, Refined Coal, & Indian Coal Production Credit |
| 8844 | Form 8844, Empowerment Zone Employment Credit |
| 8846 | Form 8846, Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips |
| 8864 | Form 8864, Biodiesel and Renewable Diesel Fuels Credit |
| 8874 | Form 8874, New Markets Credit |
| 8881 | Form 8881, Credit for Small Employer Pension Plan Startup Costs |
| 8882 | Form 8882, Credit for Employer-Provided Child Care Facilities and Services |
| 8896 | Form 8896, Low Sulfur Diesel Fuel Production Credit |
| 8908 | Form 8908, Energy Efficient Home Credit |
| 8910 | Form 8910, Alternative Motor Vehicle Credit |
| 8911 | Form 8911, Alternative Fuel Vehicle Refueling Property Credit |
| 8912 | Form 8912, Credit to Holders of Tax Credit Bonds |
| 8936 | Form 8936, Clean Vehicle Credits (formerly “Qualified Plug-in Electric Drive Motor Vehicle Credit”) |
| 8941 | Form 8941, Credit for Small Employer Health Insurance Premiums |
| 8994 | Form 8994, Employer Credit for Paid Family and Medical Leave |
| CR | Form 8582-CR, Passive Activity Credit Limitations |