This article will assist you with entering information for Form 3800 in ProSeries for individual and business returns.
New for Form 3800 for tax year 2023:
- If you intend to make an elective payment election or a transfer election on Form 3800, you must complete a pre-filing registration before you file your tax return. See here for more information.
- Elective payment election: Certain applicable entities and electing taxpayers can elect to treat certain IRA 2022 business credits, or CHIPS 2022 credits as elective payments. Any overpayments may result in refunds.
- Transferring credits: Taxpayers may make an election to transfer all or a portion of certain IRA 2022 credits.
- See IRS instructions for 3800 for more information.
Starting in tax year 2023:
The 3800 form has been restructured to contain 8 pages:
| Page | Content | Additional details |
|---|---|---|
| 1 | Part I: Current Year Credits Not Allowed Against Tentative Minimum Tax | |
| 1 | Part II: Allowable Credit | |
| 2 | Part II: Allowable Credit continued | |
| 3 | Part III: Current Year General Business Credits (GBCs) | Current year credits from Forms: 3468 Part II, 7207, 6765, 3468 Part III, 8826, 8835 Part II, 7210, 7720, 8874, 8881 Part 1, 8882, 8864, 8896, 8906. 3468 Part IV, 8908, 8910, 8911, 8830, 7213 Part II, 3468 Part V, 8932, 8933, 8936 Part II, 8936 Part V, 8904, 7213 Part I, 8881 Part II, 8881 Part III, 8864 line 8, other credits. |
| 4 | Part III: Current Year General Business Credits (GBCs) continued | Current year credits from Forms: 8844, 3468 Part VI, 5884, 6478, 8586. 8835 Part II, 8846, 8900, 8941, 6765 ESB credit, 8994, 3468 Part VII, other specified credits. |
| 5 | Part IV: Carryovers of General Business Credits (GBCs) or Eligible Small Business Credits (ESBCs) | Credits carried over to tax year 2023 from: Form 3468 Part II, 7207, 6765, 3468 Part III, 8826, 8835 Part II, 7210, 8820, 8874, 8881 Part I, 8882, 8864, 8896, 8906, 3468 Part IV, 8908, 8910, 8911 Part II, 8830, 7213 Part II, 3468 Part V, 8932, 8933, 8936 Part II, 8936 Part V, 8904, 7213 Part I, 8881 Part II, 8881 Part III, 8864, other. Credits for which only carryfowards are allowed: Form 5884-A, 8586, 8845, 8907, 8909, 8923, 8834, 8931, 1065-B, 5884, 6478, 8846 |
| 6 | Part IV: Carryovers of General Business Credits (GBCs) or Eligible Small Business Credits (ESBCs) continued | Credits carried over to tax year 2023 from: Form 8900, 5884-A 5884-B, 8847, 8861, 8884, 8942. Specified credits from: 3468 Part VI, 5884, 6478, 8586, 8835, 8846, 8900, 8941, 6765 ESB, 8994, 3468 Part VII. |
| 7 | Part V: Breakdown of Aggregate Amounts on Part III for Facility-by-Facility, Multiple Pass-Through Entities, etc. | |
| 8 | Part VI: Breakdown of Aggregate Amounts in Part IV |
Select your tax type to jump to instructions for that return:
| Individual | Partnership | Corporate | S-Corp |
Where do I enter general business credits for an Partnership or S Corporation return?
The Form 3800 itself is only required when the entity is making an Electing Payment or Credit Transfer. For most entities the credit amounts will pass through to the K-1's to be entered on the 1040 return.
- Complete the credit form if applicable, for example the 3468.
- ProSeries will automatically flow the allowable credit amounts to the K-1 and the General Business Credit Worksheet.
- If the entity is making an Electing Payment or Credit Transfer open the 3800 Pt 3.
- For the applicable line complete columns A-I.
- If the line is not enterable this credit form does not apply to the 1120S or 1065 return.
Where do I enter general business credits for an Corporation?
- Complete the credit form if applicable, for example the 3468.
- ProSeries will automatically flow the allowable credit amounts to the General Business Credit Worksheet and the 3800.
- Open the Form 3800 Pt3.
- For the applicable line and review columns A-I.
- If the entity is making an Electing Payment or Credit Transfer be sure to enter columns G and H.
Where do I enter general business credits for an Individual?
- Complete the credit form if applicable, for example the 3468.
- ProSeries will automatically flow the allowable credit amounts to the Form 3800 Worksheet and the 3800.
- To access the 3800 worksheet, press F6 and type 3800 W. Select OK to open the 3800 Worksheet.
- Review the amounts transferred to the 3800 Worksheet. If any of the credits were from a passive activity enter the amount that was from the passive activity on line 2 or check the box if the full amount was from a passive activity.
- To enter the Credit Transfer Election scroll to the bottom of the 3800 Worksheet to the Credit Transfer Elections section.
- On line 1 select the applicable credit.
- On line 2 enter a valid Transfer Registration Number.
- On line 3 enter the EIN if from a pass through entity.
- On line 4 enter the amount transferred in or out.
- Enter the amount transferred by you to another entity as a negative number.
- If you are a transferee, enter the amount transferred to you as a positive number.
For tax year 2022 and prior:
What is Form 3800 used for?
Form 3800 is used to summarize the credits that make up the general business credit, or to claim a carryback or carryforward of any of the credits.
Part I of this form is used for reporting current year credits which aren't allowed to be used against the tentative current year credit. Part III is used for identifying the type and amount of each credit as well as for reporting the Employer Identification Number for any credit which is reported from a pass-through entity (such as a partnership or S corporation).
Complete Part III of Form 3800 before completing Part I and Part II. All Part III information should be entered on the Form 3800 worksheet and will flow to the appropriate copies of Form 3800 Part III.
Which business credit forms does ProSeries support?
ProSeries supports the following business credit forms:
- Form 3468 – Investment Credit
- Form 5884 – Work Opportunity Credit
- Form 6478 – Biofuel Producer Credit
- Form 6765 – Credit for Increasing Research Activities
- Form 8586 – Low-income Housing Credit
- Form 8845 – Indian Employment Credit
- Form 8846 – Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips
- Form 8881 – Credit for Small Employer Pension Plan Startup Costs
- Form 8908 – Energy Efficient Home Credit
- Form 8911 – Alternative Fuel Vehicle Refueling Property Credit
- Form 8834 – Qualified Electric Vehicle Credit
- Form 8936 – Qualified Plug-In Electric Drive Motor Vehicle Credit
- Form 8941 – Credit for Small Employer Health Insurance Premiums
If there are any other business credits which require other forms, you must manually complete the other business credit forms, enter the resulting credit amounts on the appropriate lines of the Form 3800 worksheet and, if required, attach the credit forms to the return.
Understanding the Form 3800 worksheet
The worksheet is used to summarize the general business credits generated by the non-pass-through entities. Credits from pass-through entities will be entered on the K-1 worksheet, and they will flow from there to the appropriate Form 3800, page 3. This form is also used to enter the information for any credits carried forward into the current year.
Line 1 of each credit section:
If the credit is calculated on a form supported by the program, the credit will flow directly to the appropriate line 1 on this worksheet. If the credit information is not from a supported form, enter the amount of the credit on line 1 of the applicable section of the worksheet. The amount on line 1 will automatically flow to the appropriate copy of Form 3800 page 3.
Line 2 of each credit section:
On line 2, enter the amount of the credit reported on line 1 that is from a passive activity. All line 2 passive amounts must be entered manually unless you check the box on line 2 indicating the entire amount is passive. If the line 2 box is checked, an amount equal to the entire credit will flow to line 2. The amount on line 2 will automatically flow to the appropriate copy of Form 3800 page 3.
Credit Carryforwards and Carrybacks section:
Form 3800 requires additional information about credit carryforwards in order to place them in the right areas of the form. If your credit carryforward amount is shown on the line for credit carryforward, this is for reference only. You'll still need to enter all information about the credit on lines 1 through 6.
