I received an amended K-1 from a partnership that is taking advantage of solar energy credits. There are two different entries for Box 17 code AC
1. Box 17, Other Information, Code AC Expenditures/Basis Qualifying for Investment Credit (Form 3468)
Basis of Property Using Solar Energy (3568, Line 12b) ......$12,345
2. Box 17 * Descriptive Information, AC Excess Taxable Income ....$234,567
But there's also code AA Excess Taxable Income with a different amount than #2 above.
How do I handle AA and AC then as far as calculating the correct tax credit/refund?
Finally, Box 17 code U says, "Consult your tax advisor regarding this ...$234,567"
How does TurboTax handle these entries? There is no calculation for AC and my refund is much higher than other partners with same ownership %.
