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LLC partnership and Investment Tax Credit
Hello,
We have installed a solar system in 2020 at our business, which is a multi-member LLC. We understand the 26% federal solar investment tax credit is shared by the partners. But my questions are where does it go on 1065 and schedule K1 or how is the credit reported to the partners. I reviewed the K1 instructions but it is bit confusing. Do we need to use form 3468?
Thanks
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March 12, 2021
10:41 AM