Yes, according to the IRS Instructions for Form 6478 (Biofuel Producer Credit), individual taxpayers report this credit directly on the appropriate line of Form 3800, General Business Credit, for a Form 1040 tax return.
If you are using TurboTax for Desktop, this entry may be easier using Forms Mode to open the 3800 Worksheet. then continue from step 4.
- To enter this from Form 1099-PATR Box 12, use the search (magnifying glass) tool. Enter "3800," hit enter, then click on "jump to 3800."
- Say No to the question about carryovers.
- You should see Form 6478 in the list on the next page. Continue.
- In the sub-form, scroll down to Line 4c Biofuel Producer Credit (Form 6478).
- Enter the amount from Box 12 on Line 1 and check the box on Line 2 (you are not the active producer).
- Continue to save your entries.
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