Advanced Child Tax Credit
Advance CTC payments must be reconciled on the 2021 tax return. Excess advance payment amounts received will be required to be repaid in certain circumstances. To reconcile amounts received for the advance child tax credit, entries must be made on the 8812 screen in Drake Tax 2021.
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Easily track repayment of the Home Buyer’s Tax Credit by entering data into Form 5405 on the Home screen.
Use Form 8915-E to report distributions due to Coronavirus and other disasters.