I have a client who owns some restaurants and has general business credits from SS and Medicare taxes paid on tips. If I am understanding IRS regs correctly, the credit must be carried back one year. When I imported my K-1 data, the credit was automatically entered on Form 3800 and applied to the current tax year.
I want to carry the credit back to 2014, but cannot figure out how to prevent the credit being applied to 2015 without doing overrides.