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Level 1
August 20, 2025
New

update input for form 3800 to allow marginal gas well credit

Related products:Lacerte
  • August 20, 2025
  • 1 reply
  • 38 views

The credit for marginal gas wells, although not available in 2023, is available in 2024.  However, Lacerte currently does not support input to form 8904, or line 1bb of part III, on form 3800.  Thus, I am looking at having to manually prepare both forms 3800 and 8904 for a calendar year 2024 return.  Tweaking the program to allow a direct input for form 3800 would be hugely helpful.

1 reply

Level 2
September 22, 2026

This issue still has not been corrected in the 2025 Lacerte Individual program.

I have a 2025 individual taxpayer eligible for the IRC §45I Credit for Oil and Gas Production From Marginal Wells. There is currently no Form 8904 input in the 2025 Individual module to calculate the current year credit and carry it to Form 3800, Part III, line 1bb.

I contacted Lacerte Support today and, after reviewing the current IRS instructions with them, the representative confirmed that the 2025 Individual inputs have not been updated to accommodate this credit for an individual who directly owns the qualifying wells. Lacerte recognizes Form 8904 in the business credit carryforward/carryback section, but there is no input for the current-year credit. Jump to Input from Form 3800, Part III, line 1bb also states that an input is not available.

This is especially frustrating because this is a valid federal credit with a current IRS form and a designated line on Form 3800, yet there is no way to properly enter it in Lacerte for an individual direct owner.

Please update the 2025 Individual module to add the current-year Form 8904 input, allow the credit to flow to Form 3800, and support electronic filing of the return. With the October 15 extended filing deadline approaching, I hope this can be addressed as soon as possible.