Question

Form 3468 How to apply credit after calculating in form

Forum|Forum|2 years ago
March 4, 2024
1 reply
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I have created the Form 3468 in Turbotax business. I filled out the form in form mode. I does not apply the tax credit to the schedule K-1's. Do I need to manually edit the K-1's?

TurboTax Business Windows

PatriciaV

Form 3468 flows into Form 3800 General Business Credit, which is not ready for TurboTax Business. Although the Forms Availability Table for TurboTax Business indicates that Form 3800 is ready for filing, there have been recent developments that required additional updates to the form. This is why your entries on form 3468 are not being included.

The revised Form 3800, General Business Credit, is estimated to be released on March 6, 2024. Because updates are released after business hours Pacific time, we recommend you wait to update your software the next day, then check your return.

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