I am a sole proprietor with no employees. The proprietorship is treated as a partnership for tax purposes. I would like to file for the automatic participation feature tax credit ($1500 over 3 years).
On the partnership return, I filed a form 8881 to claim the credit. The credit is then reported on the individual schedule K-1 box 15 code AF (250 for myself, 250 for wife).
When I use TurboTax home and business, it transferred this to form 3800. However, the program did not file an 8881 for my wife or I. Are these forms needed? Online research suggest I need two form 8881 with the amount from the schedule k-1 report in Part 2 line 10. If that is the case then do I need two form 3800?
