MargaretMort Posted February 3, 2010 Report Share Posted February 3, 2010 Back again, darn it. I feel so darned stupid this year, please excuse my frequent questions. I was working on my first 5405. The only way I could get it to show the $8000 credit was to over-ride. I updated, didn't change anything. I am perfectly willing to over-ride, just feel I might be doing something wrong. The purchase price and the 10% are correct, line 3 shows the $8000, Line 4 shows 0 and the bunny hop only works if I over-ride. Line 3 is less than line 2. Modified income is more than $8000, no credit.!!!!!!!!!!!!! Such aggravation and it is too early in the season. Please lead me down the proper path! Thanks. MM Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted February 3, 2010 Report Share Posted February 3, 2010 If you put in the purchase date in Sec B, and checked No in E, then the first box in Part II, number 3, the amount should flow to line 4 automatically. Quote Link to comment Share on other sites More sharing options...
MargaretMort Posted February 3, 2010 Author Report Share Posted February 3, 2010 But it doesn't. Nothing but zero is in Line 4. Frustration is now my middle name. MM Quote Link to comment Share on other sites More sharing options...
chuck Posted February 3, 2010 Report Share Posted February 3, 2010 part one try answering question E. Quote Link to comment Share on other sites More sharing options...
MargaretMort Posted February 3, 2010 Author Report Share Posted February 3, 2010 It was and is "NO". Any other suggestions. Since I am running into these little problems that no one else is having makes me wonder if I need to re-load even though I have been up-dating frequently. MM Quote Link to comment Share on other sites More sharing options...
TAXBILLY Posted February 3, 2010 Report Share Posted February 3, 2010 I would suggest discarding the form, save the return, and then add the form again. Sometimes resetting everything solves the problem. taxbilly Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted February 3, 2010 Report Share Posted February 3, 2010 Might not hurt to do that. Quote Link to comment Share on other sites More sharing options...
Pacun Posted February 4, 2010 Report Share Posted February 4, 2010 Go to LN 4 Calc Alloc Credit worksheet and take out the entry on line 1. If you discarded the form and made only 4 entries on the new form, you should be OK. Quote Link to comment Share on other sites More sharing options...
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