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How to enter Form 6478 biofuel producer credit in Lacerte

SOLVEDby IntuitLacerte TaxUpdated September 24, 2021

Follow these steps to input the information in the corporate module:

  1. Go to Screen 28, General Business Credits (3800).
  2. Select Biofuel Producer Credit (6478) from the lower left sections menu.
  3. Enter the applicable information.
  4. Go to Forms to view Form 6478, Biofuel Producer Credit.
    • The allowable amount is calculated on Form 6478, Line 15.
    • The amount on Line 15 flows to Form 3800, Page 3, Line 29c.
    • The credit allowed for the current year is calculated on Form 3800, Page 3, Line 32.
    • For corporations, the allowable credit carries to Form 1120, Schedule J, Line 5c.

Follow these steps to input the credit if from a passthrough K-1:

  1. Go to Screen 16, Schedule K-1.
  2. Select Credits in the lower left sections menu.
  3. Enter the applicable amount in the Biofuel producer credit (15I) field, code 91.
    • The amount will appear on Form 6478, Line 9.
    • The allowable amount is calculated on Form 6478, Line 15.
    • The amount on Line 15 flows to Form 3800, Page 3, Line 29c.
    • The credit allowed for the current year is calculated on Form 3800, Page 3, Line 32.
    • For corporations, the allowable credit carries to Form 1120, Schedule J, Line 5c.

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