IRS Form 6765 walkthrough (Credit for Increasing Research Activities)

[@teachmepersonalfinance]

Please feel free to check out our article, where we've written step by step instructions to help you walk through this tax form! www.teachmepersonalfinance.com/irs-form-6765-instructions/ If you’re looking for tutorials for other IRS Forms that you can file directly through the IRS website, check out our free fillable forms page: www.teachmepersonalfinance.com/free-fillable-tax-forms/

[@Strongs_G3528]

Hi, Question. The credit calculated on the 6765 is not auto-populating for us on box 15 on the 1065. Thoughts?

[@teachmepersonalfinance]

I'm not sure that I can answer this question without knowing the tax software you're using, since the autopopulation feature differs based on the software. What are you using?

[@Strongs_G3528]

Hi, Thank you for replying. We are using a program called Cross Link. We figured out how to enter the amount manually but we prefer to use a way that auto transfers the credit to the 6765 to reduce the chance of error.

[@teachmepersonalfinance]

@@Strongs_G3528 CrossLink is not a tax program that I'm very familiar with, nor am I a user. I tried to find online information about whether other users were experiencing similar problems, but I don't see much in the way of public content. There might be a user-only forum where this question has been posed (and possibly answered). Have you tried this?

[@jonmichaelplotner3132]

Right. Is Line 16 the actual credit that for eligible small businesses. If so, what form/line does this number carry over to and to what form. You left us a bit dangling there. Or I'm just missing it.

[@teachmepersonalfinance]

No. You would complete either Part I or Part II (but not both). Your actual credit is calculated in Part III (under Current Year Credit) and reported on Line 38 (for estates and trusts, Line 40).