No, that is not the correct way.
You should complete Form 6765, either Section A or Section B & C.
Form 6765 is not supported by TurboTax, however, Form 3800 is.
Form 6765 Section C reports the nonrefundable credit on Form 3800, Part III, line 1c.
You can calculate your credit outside of TurboTax and then type Form 3800 in the search box in the top right and click on the Jump to link. You will then be able to enter your credit in TurboTax Home and Business.
You will need to print and mail your tax return attaching Form 6765 to the tax return.
Form 6765 Credit for Increasing Research Activities
Instructions for Form 6765 Credit for Increasing Research Activities
