How can I input a marginal gas well tax credit computed on form 8904 to form 3800, part III, line 1bb for calendar year 2025?
This credit was not available in calendar years 2022 and 2023 and Lacerte seems to be treating it as a credit that has been phased out. However, due to low natural gas prices, the credit is available in calendar years 2024 and 2025. Please see IRS Notice 2025-34, dated 6/27/25 which indicates that the credit for calendar year 2025 is $.79 per mcf. The credit was $.77 for calendar year 2024. The Lacerte program has not been updated to allow input of the credit to form 3800, part III, line 1bb for 2024 and 2025 credits. This a very material item for one of my clients. In 2024, I had to manually complete both forms 8904 and 3800 and file on paper. If there is some way I can complete the forms, or at least form 3800, through the software, allowing e-filing of this return, I would like to know.
