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Passive Activity Credit for research and development
I have a sole proprietorship LLC and I spend money on research and development of a product asy year. Does anyone know how to claim it. I am on a form in turbot tax and it asks for "Form Activity to be Reported on", " Form Entered Credit on", " Current Year Credit Amount". Does anyone have experience with this?
Thank you in advance.
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March 27, 2020
1:19 AM