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How do I take the federal and state historic tax credits for 2018?

Forum|Forum|7 years ago
June 3, 2019
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My request for a 20% federal historic tax credit and a 20% state tax credit on qualified project expenses was approved in 2018. How do I take these credits?

TurboTax Home & Biz Windows

Best answer by Ashby

To get to the correct place in the program, type in Form 3468 in the search box and that will take you to the investment credit section where you claim the rehab credit. Follow the prompts for entry. The rehab credit is claimed in Part 3, Page 2 of the form.

I am not sure what state you are in, but you will access in the state interview and it should be in a section titled "credits" or "credits/deductions" specific to your state. If you do not see it in the interview, switch to forms mode to see if you need to do direct entry on the form.

A

AshbyAnswer

To get to the correct place in the program, type in Form 3468 in the search box and that will take you to the investment credit section where you claim the rehab credit. Follow the prompts for entry. The rehab credit is claimed in Part 3, Page 2 of the form.

I am not sure what state you are in, but you will access in the state interview and it should be in a section titled "credits" or "credits/deductions" specific to your state. If you do not see it in the interview, switch to forms mode to see if you need to do direct entry on the form.