form 3468

[Oregon10s]

I am trying to get the solar tax credit for a rental property. I am using form 3468 and filling in Part V. When I enter the basis on line 1a it turns red like an error but doesn't tell me what's wrong.

Also how do I get the info to show up on my 1040? Does it need to link to form 3800 somehow?

Thanks.

[PatriciaV · Accepted solution]

To see the reason for a form error, click the Errors icon above "Forms in My Return" when using Forms Mode. This opens a footer below the open form. Click in the field in red to see an explanation for the error.

Investment Credits for Form 3468 should be entered in the Step-by-Step interview in order for TurboTax to link the related forms and schedules. This topic is found under Wages & Income >> Business Deductions and Credits >> Other Business Credits >> Investment Credits.

To claim the Solar Energy Credit, enter the basis in Part VI Line 3a. (Line 1a is not applicable to 2024 tax returns.) Enter your capacity limitation on Line 3e.

You can check for the credit on Form 3880 Pt 3 Line 4a.