The Inflation Reduction Act (IRA) allows a 3 year carryback of Investment Tax Credits (ITC). That is what that screen is for.
For Example: You acquire IRA assets this year that generate a 30% ITC. Your current income taxes are not enough to use all of the tax credits. The carryback adjustment is used in PRIOR years to AMEND your prior years taxes and get a refund.
Getting to the set up for IRA tax credits is reached through: Other business credits-> Investment credit
Getting to carryback of IRA tax credits is reached through: Other business credits->General business credits
Note: putting the extra info here so the next happy user can find it faster.
