New (tax) year, new help!

Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.

The Meets certain children age 18 through 23 conditions field is located on the 1040 screen (in the General folder).

Enter 1 if the taxpayer's earned income was less than or equal to half their support during the tax year, and either:

• The taxpayer's age was 18 on January 1, 2018; or
• The taxpayer was over age 18 and under age 24 on January 1, 2018, and was a full-time student

Enter 2 if the taxpayer does not meet any of the conditions.

This information is necessary for UltraTax CS to properly calculate the return for items such as education credits, Form 8615 filing, AMT exemptions, etc., as well as provide applicable diagnostics. If this field is blank, a critical diagnostic will indicate the field is blank and you will need to enter data when the taxpayer's age is greater than 17 and less than 24.

Refer to the following form instructions for additional information: 1040 instructions "Dependents & Qualifying Child for Child Tax Credit," Form 8615, and Form 6251.

Was this article helpful?

Yes No

Submit