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Level 2
August 26, 2021
Question

How to Report Commercial Solar Tax Credit from 1065 on 1040

  • August 26, 2021
  • 1 reply
  • 17 views

Need some guidance on how to report pass-through Solar Tax Credit from 1065 on 1040.  

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1 reply

JRC
Level 7
August 27, 2021

The Basis of the Solar Energy Property will be Reported on the K1's Box 20, Code E: All you need to do is Report this amount on the Sch K-1 Worksheet Line 20 Code E, in the Proseries 1040 Program. The Credit will be Reported On Form 3468 and Form 3800 within the Clients form 1040.

khatrivikAuthor
Level 2
August 31, 2021

Thank you. That worked perfectly.