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Common questions about corporate general business credits

SOLVEDby IntuitLacerte Tax4Updated July 27, 2021

Below are solutions to frequently asked questions about entering Form 3800, General Business Credit in the Corporate module of Lacerte.

You should enter energy credits on Screen 28, General Business Credits (3800), not Screen 21, Depreciation screen. After you manually enter the credits on Screen 28.1, you'll need to manually reduce your basis on Screen 21.

Enter the amount of the reduction using the Basis reduction (amortizable costs expensed, ITC, etc.) fields found under the Federal Depreciation and Regular Depreciation sections.

You can create a statement outside of the program and save it as a PDF to attach to the e-file return in the Electronic Filing screen. Refer to the Instructions for Form 3800 for more information about attaching statements for credits.

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