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Get your taxes done using TurboTax
We can stop TurboTax from generating form 3468 by changing "Basis in gasification Property in advanced coal Project" to $0. Go to line 20 of your K-1 dropdown menu of the entries look for "Gasification update..." select it and enter $0. This will generate the form it will ask you again to enter $0 then it will ask if you would like to attach this form answer NO. This will take care of the error when there is no credit on gasification.
‎April 4, 2024
10:37 AM