1065-US: Calculating credit on Form 3468 (FAQ)

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Question

Why isn't the credit being calculated on Form 3468?

Answer

The credit is not calculated at the partnership level. Per the Form 3468 instructions, a partnership (other than an electing large partnership) passes through the expenditures necessary for the partner to complete Form 3468.

Related topic: Form 3468 FAQs (1065)

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