@manbeing - look at bullet point #3.
- Sole proprietors, partners, and S corporation shareholders must file Form 3800 with their personal income tax returns.
Got it off Turbo Tax itself:
IRS Form 3800: Calculating the General Business Credit
Written by Rocky Mengle, Attorney • Reviewed by a TurboTax CPA Updated for Tax Year 2024 • October 16, 2024 2:31 AM
- Form 3800 is used to calculate the General Business Credit, which is a combination of over 30 “component” tax credits that have their own eligibility requirements and rules.
- Form 3800 is a complex form that’s broken down into six separate parts. Some portions of the form focus on component credits for the current year, while other parts deal with credits carried over from other years.
- Sole proprietors, partners, and S corporation shareholders must file Form 3800 with their personal income tax returns.
- In addition to Form 3800, small business owners might also have to file separate forms for each component credit included in their General Business Credit.
