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

Alerts and notices
Leave feedback

Contact information (optional):

Leave this blank:

Please tell us how we can make this information more helpful.


Characters left:

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)

Share This