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How to enter a solar energy credit for an S-Corporation, Form 3468 in Lacerte

SOLVEDby IntuitLacerte Tax93Updated August 17, 2021

Form 3468 doesn't generate in the S-Corporation return. Instead, the credit flows to the shareholder K-1 box 17V as a statement, and prints the credit information on the K-1, Supplemental Information.

Follow these steps to enter a solar energy credit:

  1. If depreciable, enter the asset in Screen 16, Depreciation (4562).
  2. Go to Screen 26, Credits.
  3. Scroll to the Schedule K Credits > Investment Credit (3468) section.
  4. Scroll to the Energy Credit subsection.
  5. Enter the amounts in the applicable field for basis of solar or energy property.

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