Question

Form 760c Line 3

Forum|Forum|5 years ago
February 23, 2021
1 reply
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I was asked to fill out line 3 on form 760c. I am trying to find what needs to go in this field but am not finding a solid answer. In my 2019 papers I have a VA760CG. Where would I find the amount for line 3? One place said it is line 19 minus lines 24-27, but that would end up being a negative number. Please, help!

TurboTax PLUS Online

On your 2019 return, this would be line 18 (Net Amount of Tax) minus the sum of lines 23 - 25.

Estimated tax payments, income tax withheld and extension payments are not considered tax credits.

For line 3 of your 2020 Form 760c, you need to enter the 2019 Income Tax Liability After Spouse Tax Adjustment and Tax Credits.

If you'll look at your 2019 Form 760c, the Spouse Tax Adjustment is shown on line 17.

The Net Amount of Tax, after the Spouse Tax Adjustment, is shown on line 18.

(Form 760CG is simply a computer-generated version of Form 760.)