turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

ebruner92
New Member

What is an investment credit? I've never been asked this question when filing before, and it won't let me file unless I check the box for

submitting it. I don't have a business or anything and don't see why answering this question is important. Please help so I can file!
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
DawnC
Employee Tax Expert

What is an investment credit? I've never been asked this question when filing before, and it won't let me file unless I check the box for

Try reviewing your entries for this credit.  Type investment credit (use that exact term) into the search bar, press enter, and then use the Jump to investment credit link to get back to those questions.  Make sure you are signed in to your federal tax return before you search.   If you are doing a state return, the process is different so you will need to let us know what state it is.  

 

You can get an investment credit if you invest in certain projects, such as: 

  • Rehabilitation of a qualified building
  • Energy Credit
  • Qualifying advanced energy project
  • Qualifying advanced coal project
  • Qualifying gasification project 

If you erroneously started this credit, you can delete Form 3498 so you can e-file.  To delete a form, click on Tax Tools on the left menu.  Then choose Tools and select Delete A Form.  Choose the form from the list and delete it.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

What is an investment credit? I've never been asked this question when filing before, and it won't let me file unless I check the box for

We can stop TurboTax from generating form 3468 by changing "Basis in gasification Property in advanced coal Project" to $0. Go to line 20 of your K-1 dropdown menu of the entries look for "Gasification update..." select it and enter $0. This will generate the form it will ask you again to enter $0 then it will ask if you would like to attach this form answer NO. This will take care of the error when there is no credit on gasification. 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies