TaxGuyBill
Level 15
03-14-2022
09:39 PM
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Yes. Form 3468.
There is no need to link it to Schedule E.
It is depreciated over 5 years. The credit reduces the depreciable Basis BUT ... I have stuck in my mind that only 50% of the credit reduces Basis. However, it is possible I am mixing that 50% part up with a different credit.