Schedule K-1 (form 1041) Credits (Box 13)

Codes A through Q, and code Z, list all the credits that may be allocated to the beneficiary.

Box 13- Credits and Credit Recapture

Code A – Credit for estimated taxes.

Amounts reported here will automatically flow to Form 1040, Line 65 as this is treated as an Estimated Tax Payments.

Code B – Credit for backup withholding

Amounts reported here will automatically flow to Form 1040, Line 25c as part of the Federal Income Tax withheld. 

Not Supported: 

Code C - Low-income housing credit

Code D - Rehabilitation credit and energy credit 

Code E - Other qualifying Investment Credit

Code F - Work opportunity credit

Code G - Credit for small business insurance premiums

Code H - Biofuel producer credit

Code I - Credit for increasing research activities 

Code J - Renewable Electricity and Indian Coal Production Credit

Code K - Empowerment Zone Community Employment Credit

Code L - Indian Employment Credit 

Code M - Orphan Drug Credit 

Code N - Credit for Employer-provided Childcare and Facilities

Code O - Biodiesel and Renewable Diesel Fuel Credit 

Code P - Credit to Holders of Tax Credit Bonds 

Code Q - Credits for Employer Differential Wage Payments 

Code R - Recapture of Credits

Code ZZ- Other Credits