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The Business Credit is from a K-1, whereby an Investment Energy Credit (solar) was passed through to me as a K-1 shareholder. When I was entering my K-1 info, it prompted me to select what kind of credit it is, which seems to have flowed over correctly onto the Form 3800 worksheet. I am aware this type of General Business Credit is nonrefundable and can carry-forward & back, but I see no valid reason why I can't use part of the $4K credit this year to offset by $2k tax liability. In my Summary, it clearly shows I have a $4k Business Credit.
March 13, 2025
3:17 PM