Form 3468, Investment Credit Instructions

Enter any additional information or comments related to the energy property or facility.

Check this box if the facility qualifies for the advanced coal project credit.

Check this box if the facility does not qualify for the advanced coal project credit.

Check this box if the facility meets the criteria for the advanced coal project credit.

Check this box if the facility qualifies for the advanced gasification project credit.

Check this box if the facility qualifies for the advanced gasification project credit.

Check this box if the facility qualifies for the advanced manufacturing project credit.

Enter the nameplate capacity that was allocated to you in the allocation letter.

Multiply the value in line 1a by the value in line 1f and enter the result here.

Divide the value in line 3e by the value in Part I, line 12a.

Add the amounts from lines 1c and 2, and report this total on Form 3800, Part III, line 1d.

Multiply the specified amounts as instructed in the form.

Add the amounts from lines 1c and 2, and report this total on Form 3800, Part III, line 10.

If you checked the box in Part I, line 7a or 8b, enter 30%. If you checked the box in Part I, line 7b or 8c, enter 6%.

Calculate the product of the values on line 3a and line 3h.

If the amount on Part I, line 12a, is greater than the amount on line 3e, enter the amount from line 3i. Otherwise, enter the amount from line 3f.

Enter the value for line 31 or line 30 as applicable.

If you checked the box in Part I, line 10a, enter 10%. If you checked the box in Part I, line 10b, enter 2%. Otherwise, proceed to line 4.

Add the values from lines 3c, 3j, 31, and 3n.

Multiply the value on line 5a by 30% (0.30).

Enter the result of multiplying the value from line 9a by the value from line 9b. This is line 9c.

Enter the smaller of the value from line 11b or $4,000. This is line 11c.

Multiply the value from line 11d by the value from line 11e and enter the result here.

If the value on Part I, line 12b equals the value on line 11h, multiply line 11d by 11g and proceed to line 11m. Otherwise, continue to line 11j.

If the value on Part I, line 12b is greater than the value on line 11h, divide line 11h by the value on Part I, line 12b.

Multiply the value from line 11g by the value from line 11j and enter the result here.

Multiply the value from line 11d by the value from line 11k and enter the result here.

Enter the value for line 11m.

Enter the value for line 11n.

Enter the value for line 11p.

Add the values from lines 11c, 11f, 11m, 110, and 11q and enter the total here.

Multiply the value from line 17a by the value from line 17m and enter the result here.

Multiply the value from line 19a by the value from line 19b and enter the result here.

Multiply the value from line 19a by the value from line 19d and enter the result here.

Multiply the value from line 19a by the value from line 19f and enter the result here.

Add the values from lines 19c, 19e, and 19g and enter the total here.

Multiply the value from line 23d by the value from line 23g.

This field is part of the form's calculations section. Please refer to the instructions on the form for the specific value to enter.

This field is part of the form's calculations section. Please refer to the instructions on the form for the specific value to enter.

Multiply the value from line 23a by the value from line 23k.

This field is part of the form's calculations section. Please refer to the instructions on the form for the specific value to enter.

Multiply the value from line 23a by the value from line 23m.

This field is part of the form's calculations section. Please refer to the instructions on the form for the specific value to enter.

Multiply the value from line 25a by the value from line 25b.

Multiply the amount on line 27 by 15% (0.15) and enter the result here.

Subtract the amount on line 29d from the amount on line 27 and enter the result here.

Enter the required information for line 30. Refer to the form instructions for specific details.

Enter the required information for line 31. Refer to the form instructions for specific details.

Add the amounts on lines 30 and 31. Report this total amount on Form 3800, Part III, line 4a.

Check this box if applicable. Refer to the form instructions for specific criteria.

Check this box if applicable. Refer to the form instructions for specific criteria.

Check this box if applicable. Refer to the form instructions for specific criteria.

Enter the basis of property placed in service during the tax year for the facility that is designed and reasonably expected to produce qualified clean hydrogen per section 45V(b)(2)(C). This is for line 25g.

Enter the basis of property placed in service during the tax year for the facility that is designed and reasonably expected to produce qualified clean hydrogen per section 45V(b)(2)(D). This is for line 25j.

Enter the expected amount of qualified clean hydrogen production as per section 45V(b)(2)(A). If you checked the box in Part I, line 8b, enter 6%.

Enter the basis of property placed in service during the tax year for the facility designed to produce qualified clean hydrogen as per section 45V(b)(2)(B).

If the entry on Part I, line 12a, equals the entry on line 3e, multiply line 3a by line 3d and proceed to line 3j. Otherwise, continue to line 3g.

If the entry on Part I, line 12a, is more than the entry on line 3e, divide line 3e by Part I, line 12a.

Enter the date when the construction of the facility began in MM/DD/YYYY format.

Enter the date when the facility was placed in service in MM/DD/YYYY format.

Enter the amount for line 2a, which is part of the calculation for the investment credit.

Multiply the amount on line 2a by 15% (0.15) and enter the result here.

Enter the amount for line 3a, which is part of the calculation for the investment credit.

Provide additional information or amounts related to the investment credit calculation.

Provide additional information or amounts related to the investment credit calculation.

Enter the amount for line 4b, which is part of the calculation for the investment credit.

Enter the amount for line 5a, which is part of the calculation for the investment credit.

Multiply the amount on line 5a by 20% (0.20) and enter the result here.

Provide additional information or amounts related to the investment credit calculation.

Enter the amount for line 7, which is part of the calculation for the investment credit.

Provide additional information or amounts related to the investment credit calculation.

Provide additional information or amounts related to the investment credit calculation.

Multiply the amount on line 1a by the amount on line 1b and enter the result here.

Enter your 48C Allocation control number, which is required for claiming the credit.

Enter 30% if you checked the box in Part I, line 7a or 8b. Enter 6% if you checked the box in Part I, line 7b or 8c.

Multiply the value from line 5f by the percentage entered in line 5g.

Enter 10% if you checked the box in Part I, line 9a. Enter 2% if you checked the box in Part I, line 9b. Otherwise, proceed to line 51.

Multiply the value from line 5f by the percentage entered in line 5i.

Multiply the value from line 5f by the percentage entered in line 51.

Multiply the value from line 50 by $3,000.

If you checked the box in Part I, line 7a or 8b, enter 10%. If you checked the box in Part I, line 7b or 8c, enter 2%.

Multiply the value from line 7a by the value from line 7b.

If you checked the box in Part I, line 9a, enter 10%. If you checked the box in Part I, line 9b, enter 2%. Otherwise, go to line 7g.

Multiply the value from line 7a by the value from line 7d.

Multiply the value from line 7a by the value from line 7g.

Enter the smaller value between line 7i and line 71.

Enter 30% if you checked the box in Part I, line 7a or 8b. Enter 6% if you checked the box in Part I, line 7b or 8c.

Multiply the value from line 13a by the value from line 13b.

This field is for additional calculations or information related to line 13.

Multiply the value from line 13a by the value from line 13d.

Enter 10% if you checked the box in Part I, line 10a. Enter 2% if you checked the box in Part I, line 10b. Otherwise, proceed to line 14.

Multiply the value from line 13a by the value from line 13f.

This field is for additional calculations or information related to line 14.

This field is for additional calculations or information related to line 14.

Enter 30% if you checked the box in Part I, line 7a or 8b. Enter 6% if you checked the box in Part I, line 7b or 8c.

This field is for additional calculations or information related to line 15.

This field is for additional calculations or information related to line 15d.

This field is for additional calculations or information related to line 15.

Enter 10% if you checked the box in Part I, line 10a. Enter 2% if you checked the box in Part I, line 10b. Otherwise, proceed to line 16.

Enter 30% if you checked the box in Part I, line 7a or 8b. Enter 6% if you checked the box in Part I, line 7b or 8c.

This field is part of the credit calculation section. Please refer to the instructions for the specific value to enter.

This field is part of the credit calculation section. Please refer to the instructions for the specific value to enter.

This field is part of the credit calculation section. Please refer to the instructions for the specific value to enter.

This field is part of the credit calculation section. Please refer to the instructions for the specific value to enter.

Multiply the value in line 21a by the value in line 21f and enter the result here.

This field is part of the credit calculation section. Please refer to the instructions for the specific value to enter.

This field is part of the credit calculation section. Please refer to the instructions for the specific value to enter.

This field is part of the credit calculation section. Please refer to the instructions for the specific value to enter.

This field is part of the credit calculation section. Please refer to the instructions for the specific value to enter.

This field is part of the credit calculation section. Please refer to the instructions for the specific value to enter.

This field is part of the credit calculation section. Please refer to the instructions for the specific value to enter.

If the entry on Part I, line 12c, equals the entry on line 23e, multiply line 23a by 23d and go to line 23j. Otherwise, continue to line 23g.

If the entry on Part I, line 12c, is more than the entry on line 23e, divide line 23e by Part I, line 12c.

Enter the amount for line 2 as calculated from the previous fields.

Enter the amount for line 3 as calculated from the previous fields.

Enter the applicable unused investment credit from cooperatives as per the instructions.

Enter the beginning date for the relevant period or project.

Enter the end date for the relevant period or project.

Check this box if the facility qualifies for the energy community bonus.

Check this box if the facility does not qualify for the energy community bonus.

Check this box if the facility qualifies for the energy community bonus.

Enter the basis of property using energy storage technology placed in service during the tax year.

Enter the nameplate capacity you were allocated in the allocation letter for the solar or wind energy property in connection with the energy storage technology.

If the relevant entry on Part I, line 12a, line 12b, or line 12c, equals the entry on line 17e, multiply line 17a by line 17d and go to line 17j. Otherwise, continue to line 17g.

If the relevant entry on Part I, line 12a, line 12b, or line 12c, is more than the entry on line 17e, divide line 17e by Part I, line 12a, line 12b, or line 12c.

Multiply line 17d by line 17g.

Multiply line 17a by line 17h.

If the entry for the solar or wind energy property in connection with the energy storage technology on Part I, line 12a, line 12b, or line 12c, is more than the entry on line 17e, enter the amount from line 17i. Otherwise, enter the amount from line 17f.

Enter details about the wind energy property, including its specifications and relevant information.

Enter the address of the lessor of the property.

Provide a detailed description of the property.

Provide a detailed description of the facility generating renewable energy.

Provide additional details or notes about the facility.

Enter the IRS-issued registration number for the facility.

Specify the type of facility, such as solar, geothermal, etc.

Enter the address of the facility, if applicable.

Provide additional address details or notes about the facility.

Check this box if the facility generates energy from solar sources.

Check this box if the facility generates energy from geothermal sources.

Check this box if the facility generates energy from biomass sources.

Enter the description of the facility, including its type and purpose.

Enter the name or description of the energy property or facility.

Enter the location of the energy property or facility.

Enter the construction start date of the energy property or facility.

Enter the construction completion date of the energy property or facility.

Enter the detailed description of the energy property or facility.

Provide a detailed description of the facility generating energy from renewable sources.

Enter the nameplate capacity allocated to you as specified in the allocation letter.

Enter the description of the work related to the Investment Credit.

Enter the first part of the latitude coordinate of the facility.

Enter the second part of the latitude coordinate of the facility.

Enter the third part of the latitude coordinate of the facility.

Enter the first part of the longitude coordinate of the facility.

Enter the second part of the longitude coordinate of the facility.

Enter the longitude of the facility. This should be a numerical value up to 6 characters long.

Check this box if the facility is located in a designated energy community.

Enter the income inclusion amount reported for the tax year under Regulations section 1.50-1.

Check this box if applicable.

Enter the relevant information required for this section. The exact details are not specified in the field name.

Enter the relevant information required for this section. The exact details are not specified in the field name.

Enter the relevant information required for this section. The exact details are not specified in the field name.

Enter the relevant information required for this section. The exact details are not specified in the field name.

Enter the relevant information required for this section. The exact details are not specified in the field name.

Check this box if the condition specified in the form applies.

Check this box if the condition specified in the form does not apply.

Enter the relevant information as specified in the form instructions.

Check this box if the condition specified in the form applies.

Check this box if the condition specified in the form applies.

Enter the relevant information as specified in the form instructions.

This field is reserved for future use.

Enter the relevant information as specified in the form instructions.

Provide the specific information requested in this field. The exact nature of the information is not clear from the field name.

Provide the specific information requested in this field. The exact nature of the information is not clear from the field name.

Provide the specific information requested in this field. The exact nature of the information is not clear from the field name.

Provide the specific information requested in this field. The exact nature of the information is not clear from the field name.

Provide the specific information requested in this field. The exact nature of the information is not clear from the field name.

Provide the specific information requested in this field. The exact nature of the information is not clear from the field name.

Provide the specific information requested in this field. The exact nature of the information is not clear from the field name.

Provide the specific information requested in this field. The exact nature of the information is not clear from the field name.

This field is for entering a specific value related to the form's calculations or data entry. Please refer to the form instructions for the exact value to be entered here.

Enter the value for line 9e as specified in the form instructions.

This field is for entering a specific value related to the form's calculations or data entry. Please refer to the form instructions for the exact value to be entered here.

This field is for entering a specific value related to the form's calculations or data entry. Please refer to the form instructions for the exact value to be entered here.

This field is for entering a specific value related to the form's calculations or data entry. Please refer to the form instructions for the exact value to be entered here.

This field is for entering a specific value related to the form's calculations or data entry. Please refer to the form instructions for the exact value to be entered here.

This field is for entering a specific value related to the form's calculations or data entry. Please refer to the form instructions for the exact value to be entered here.

This field is for entering a specific value related to the form's calculations or data entry. Please refer to the form instructions for the exact value to be entered here.

Enter the value for line 11e as specified in the form instructions.

Enter the required information for this field.

Enter the required information for this field.

Enter the required information for this field.

Enter the relevant information for this field as specified in the form instructions.

Enter the relevant information for this field as specified in the form instructions.

Enter the relevant information for this field as specified in the form instructions.

Enter the relevant information for this field as specified in the form instructions.

Enter the relevant information for this field as specified in the form instructions.

Enter the specific information required for this field as indicated on Page 7 of the form.

Enter the specific information required for this field as indicated on Page 7 of the form.

Enter the value for line 17m as indicated on Page 7 of the form.

Enter the specific information required for this field as indicated on Page 7 of the form.

Enter the specific information required for this field as indicated on Page 8 of the form.

Enter the value for line 19d as indicated on Page 8 of the form.

Enter the specific information required for this field as indicated on Page 8 of the form.

Provide the required information for this field. The exact details are not specified, so refer to the form instructions for guidance.

Provide the required information for this field. The exact details are not specified, so refer to the form instructions for guidance.

Provide the required information for this field. The exact details are not specified, so refer to the form instructions for guidance.

Provide the required information for this field. The exact details are not specified, so refer to the form instructions for guidance.

Provide the required information for this field. The exact details are not specified, so refer to the form instructions for guidance.

This field is for entering specific information related to the Investment Credit. Please refer to the form instructions for the exact details required.

This field is for entering specific information related to the Investment Credit. Please refer to the form instructions for the exact details required.

This field is for entering specific information related to the Investment Credit. Please refer to the form instructions for the exact details required.

Enter the value for line 25f. This field is part of the section related to the Investment Credit for facilities generating energy from renewable sources.

Enter the value for line 25h. This field is part of the section related to the Investment Credit for facilities generating energy from renewable sources.

Enter the value for the specified field. This field is part of the section related to the Investment Credit for facilities generating energy from renewable sources.

If you checked the box in Part I, line 8b, enter 30%. If you checked the box in Part I, line 8c, enter 6%. This is for line 25k.

Enter the value for the specified field. This field is part of the section related to the Investment Credit for facilities generating energy from renewable sources.

Enter the value for the specified field. This field is part of the section related to the Investment Credit for facilities generating energy from renewable sources.

Enter the value for the specified field. This field is part of the section related to the Investment Credit for facilities generating energy from renewable sources.

Enter the value for the specified field. This field is part of the section related to the Investment Credit for facilities generating energy from renewable sources.

Enter the value for the specified field. This field is part of the section related to the Investment Credit for facilities generating energy from renewable sources.

Enter the value for the specified field. This field is part of the section related to the Investment Credit for facilities generating energy from renewable sources.

This field appears to be a placeholder or an incomplete field. Please refer to the form instructions for more details.

This field appears to be a placeholder or an incomplete field. Please refer to the form instructions for more details.

This field appears to be a placeholder or an incomplete field. Please refer to the form instructions for more details.

This field appears to be a placeholder or an incomplete field. Please refer to the form instructions for more details.

This field appears to be a placeholder or an incomplete field. Please refer to the form instructions for more details.

This field appears to be a placeholder or an incomplete field. Please refer to the form instructions for more details.

This field appears to be a placeholder or an incomplete field. Please refer to the form instructions for more details.

This field appears to be a placeholder or an incomplete field. Please refer to the form instructions for more details.

This field appears to be a placeholder or an incomplete field. Please refer to the form instructions for more details.

This field appears to be a placeholder or an incomplete field. Please refer to the form instructions for more details.

Check this box if the facility qualifies for any other specific credits not listed.

Check this box if the facility qualifies for any additional credits not previously mentioned.

Check this box if the facility qualifies for any other specific credit mentioned in this section.

Enter 10% if you checked the box in Part I, line 10a. Enter 2% if you checked the box in Part I, line 10b. Otherwise, proceed to line 2.

If you checked the box in Part I, line 7a or 8b, enter 30%. If you checked the box in Part I, line 7b or 8c, enter 6%. This is line 9d.

If you checked the box in Part I, line 9a, enter 10%. If you checked the box in Part I, line 9b, enter 2%. Otherwise, go to line 9h. This is line 9f.

If you checked the box in Part I, line 10a, enter 10%. If you checked the box in Part I, line 10b, enter 2%. Otherwise, go to line 10. This is line 9h.

Enter 10% if you checked the box in Part I, line 9a. Enter 2% if you checked the box in Part I, line 9b. Otherwise, proceed to line 23m.

Enter 6% if you checked the box in Part I, line 8b. Enter 1.2% if you checked the box in Part I, line 8c.

Enter 7.5% if you checked the box in Part I, line 8b. Enter 1.5% if you checked the box in Part I, line 8c.

Enter the name(s) as shown on your tax return.

Enter your identifying number, such as your Social Security Number (SSN) or Employer Identification Number (EIN).

Check this box if the facility qualifies for advanced coal project credits.

Check this box if the facility qualifies for gasification project credits.

Check this box if the facility qualifies for energy community bonuses.

Check this box if the facility is part of an advanced manufacturing project.

Enter the basis of property using a combined heat and power system placed in service during the tax year.

Divide 20,000 by the horsepower. Enter 1.0 if the capacity is 20,000 horsepower or less.

Enter the basis of property using biogas placed in service during the tax year.

Enter the basis of property using microgrid controllers placed in service during the tax year.

Enter the applicable kilowatt capacity of the property on line 5a as per the instructions.

Enter the basis of the property using qualified fuel cell property placed in service during the tax year that is attributable to periods after October 3, 2008.

Enter the applicable kilowatt capacity of the property listed on line 5f. Refer to the form instructions for more details.

Enter the basis of property using microturbine property placed in service during the tax year that was acquired after 2005, and the basis attributable to construction, reconstruction, or erection by the taxpayer after 2005.

Enter the basis of property using waste energy recovery that was placed in service during the tax year.

Check this box if the facility meets the specified qualification.

Check this box if the facility does not meet the specified qualification.

Check this box if the facility qualifies for the specific credit mentioned in this section.

Check this box if the facility qualifies for the specific credit mentioned in this section.

Check this box if the facility qualifies for the specific credit mentioned in this section.

Check this box if the facility qualifies for the specific credit mentioned in this section.

Check this box if the facility qualifies for the specific credit mentioned in this section.

Check this box if the facility does not qualify for the specific credit mentioned in this section.

Check this box if the facility qualifies for the rehabilitation credit for historic structures.

Check this box if the facility does not qualify for the rehabilitation credit for historic structures.

Check this box if the facility qualifies for rehabilitation credits for historic structures.

Check this box if the facility qualifies for the rehabilitation credit for historic structures.

Enter the amount for pre-1936 buildings under the transition rule by multiplying line 1g by 10% (0.10).

Enter the amount for certified historic structures under the transition rule by multiplying line 1g by 20% (0.20).

Enter the total amount for line 1j as calculated from the previous fields.

This field is reserved for future use. This is for line 25m.

This field is reserved for future use. This is for line 250.

This field is reserved for future use.

This field is not clearly labeled. Please refer to the form for more context.

This field is not clearly labeled. Please refer to the form for more context.

This field is not clearly labeled. Please refer to the form for more context.

This field is not clearly labeled. Please refer to the form for more context.

This field is not clearly labeled. Please refer to the form for more context.