SC990T; Properly present childcare tax credit limited to 50%

Describe your idea. The more information you provide, the clearer picture of your idea we will have.

On the 2023 form SC990-T (South Carolina return) we are unable to modify the childcare credit amount taken on the form’s Sch C. The application automatically takes the entire amount of a credit against the filer’s tax liability. However, for this particular credit, only 50% of the credit can offset the tax liability. It can't be corrected on the input and can't modify the amount of the credit taken on Sch. C, line 5. Users should be able to modify, or at least override, this number. The K1x workaround of pdf changing the SC990T won't work because it won't match the SC credit form (and probably will trigger a state tax notice).

How will this idea help you and potentially others? Understanding how things are done today, where the pain is, and how the idea is beneficial puts us in your shoes.

Users will be able to properly complete the SC990T when the childcare tax credit is available.

Who will benefit from this idea? Whether it's specific roles of users, users of a specific product, or certain departments/markets, this helps us know who to talk to when we need more information.

Any user filing the SC990T needing to take the childcare credit.

How do you envision this idea being implemented at K1x? You're the expert and understanding how you see this working helps kickstart the idea.

Modify the software code to handle the credit.