Enter Form 3468 credit information

Do the following to enter the credit information for Form 3468 (rehabilitation, geothermal energy, solar energy, and advanced energy project).
  1. Enter the asset the credit will be taken on in the
    Asset
    screen in the activity folder.
  2. Select the credit code in the
    Credit/Amount
    field, then select the
    Depreciation
    tab. The credit amount will calculate based on the Cost/Basis of the asset and the selected credit code.
  3. Enter any additional credit details on the
    3468
    screen in the same activity the asset was entered in with the following exception. If the asset was entered in the
    Income & Deductions
    ,
    Asset
    screen, enter the additional credit details in the
    3468
    screen in the
    Credits
    folder.
  4. Review the
    Form 3468 - Investment Credit
    section on the
    GBCGen
    screen in the
    Credits
    folder, and enter the information.
note
  • To enter Form 3468 credit information on the 3468 screen, do the following:
    1. Enter all credit information on the
      3468
      screen, in the activity the credit is to be taken on or in the
      Credits
      folder if the credit should be entered for the corporation in general.
    2. Review the Form 3468 - Investment Credit section on the
      GBCGen
      screen in the
      Credits
      folder and enter the information.
  • The 3468 screen is available in the following activity folders:
    Income & Deductions
    ,
    Farm
    ,
    Farm Rental
    ,
    Rent & Royalty
    ,
    K1 1065
    ,
    1041
    , and
    Credits
    .
  • Additional information to be communicated to the shareholders can be entered in the Section B section of the
    KSep
    screen in the
    Schedule K
    folder, or in
    View
    ,
    Shareholder Information
    ,
    Shareholder
    , then the
    Other Info
    tab.

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