Other Taxes and Recaptures - Tax Years 2020 and prior
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Several other taxes may need to be paid on Form 1040. These items will carry to Schedule 2. Multiple amounts will be added together, with the letters STM indicating a statement is included with the return detailing the individual codes and amounts.
From the Main Menu of the Tax Return (Form 1040) select:
- Other Taxes Menu
- Other Taxes
Recapture of Federal Mortgage Subsidy - 8828
Recapture of Qualified Electric Vehicle - 8834
Recapture of Low Income Housing Credit - 8611
Recapture of Investment Credit - 4255
Recapture of New Markets Credit - 8874
Recapture of Indian Employment Credit - 8845
Recapture of Plug-In Electric Drive Motor Vehicle - 8936
Interest Computation Under the Look-Back Method - 8866
Long-Term Contracts Look-Back Method Interest Computation - 8697