brafeedie
Level 1

My client is a sole proprietor.  He installed solar panels on his place of business.  Everything that I read gives  30% credit for solar panels but the Form 3468 only gives a 10% credit.

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TaxGuyBill
Level 15
What Line of Form 3468 is it showing up on?
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brafeedie
Level 1
line 12a of the smart worksheet
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brafeedie
Level 1
12b is for the K-1 for the 1065 and 1120S
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brafeedie
Level 1
12a say geothermal and solar energy from other activities
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TaxGuyBill
Level 15
Enter it where it says "Line 12b", and on the worksheet, it is on a line labeled "C".  I'll attach a picture to my answer below.
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TaxGuyBill
Level 15

Line 12a is for Geothermal Energy Property.

Enter it on Line 12b.

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