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Level 3
May 20, 2020
Question

Entering solar credit from K1 on a 1040 return

  • May 20, 2020
  • 1 reply
  • 16 views

I have client that received K1 from S Corp.  Line 17 D shows an amount with the explanation "form 3468 Line 12B Basis Property for Solar.  How do I enter this on Lacerte (1040) in order to see the credit?

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1 reply

George4Tacks
Level 15
May 20, 2020

Go to Forms View > Find 3468, Line 12b > Right click that line > Select "Jump to Input"

That should get you to Screen 34 > Investment Credit > Energy Credit > Basis for property ....

FYI - @IntuitBettyJo can add https://accountants-community.intuit.com/articles/1609726&src=lscosi to list of broken links that jump from the FAQ in Screen 34

 

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