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I
iOne
Employee
June 10, 2020
Question

How can I add forms 3800 and 3468 to TurboTax Business Edition? Trust 1041 Return.

  • June 10, 2020
  • 1 reply
  • 0 views

How can I file forms 3800 and 3468 using TurboTax Business Edition. for a 1041 using Trust?

This is related to credits for Solar PV installation on rental property per

https://www.thetaxadviser.com/newsletters/2017/oct/credit-residen[product key removed]s.html

And:

https://ttlc.intuit.com/community/state-taxes/discussion/re-can-a-trust-claim-a-solar-tax-credit/01/1628841#M70466

1 reply

A
Anonymous_
Employee
June 10, 2020

You can prepare Form 3800 in Forms Mode (start with the worksheet), but the 1041 module in TurboTax Business does not support Form 3468. 

 

See https://turbotax.intuit.com/small-business-taxes/#tax-forms

    I
    iOneAuthor
    Employee
    June 10, 2020

    That was the secret.  I had to enter forms mode first, then go to Schedule G line 2b and make an entry.

     

    But one mystery remains.  This is rental property, thus passive, which TT already knows.

    Box B can't be selected in From 3800 Part III:

     

     

    As well the amount had to be forced with an override in the "General Business Credit" worksheet:

     

     

    What's up with that?

     

    Link to: https://ttlc.intuit.com/community/tax-credits-deductions/discussion/solar-tax-credit/00/5548
    for Solar use

    A
    Anonymous_
    Employee
    June 10, 2020

    Yes, it appears as if you have to do an override on both Line 1 of the worksheet and Box B of Form 3800.

     

    Frankly, the 1041 module in the product is rather basic and intended for relatively simple returns, particularly in Step-by-Step mode.

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