Thank you for your prompt response. As a follow-up:
- the text you included indicates it is irc 38(c)(5)(A) however it is actually that for irc 38(c)(5)(C); my K-1 indicates the business is an eligible small business under irc 38(c)(5)(C)
- the instructions for the K-1, 13M instructions cite 38(c)(5)(A) as the determining criterion
- the K-1 13M instructions you cite reference reporting the credit on line 4i. On which form is line 4i?
I appreciate your assistance!
