Is the energy credit for solar panels for a sole proprietor 30% or 10%?

[brafeedie]

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.

[TaxGuyBill]

What Line of Form 3468 is it showing up on?

[brafeedie]

line 12a of the smart worksheet

[brafeedie]

12b is for the K-1 for the 1065 and 1120S

[brafeedie]

12a say geothermal and solar energy from other activities

[TaxGuyBill]

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.

[TaxGuyBill · Accepted solution]

Line 12a is for Geothermal Energy Property.

Enter it on Line 12b.