- 17 -
24 Business energy investment credit limitation - Subtract line
23 from line 20 . . . . . . . . . . . . . . . . . . . . . . 56,657
25 Business energy investment credit - From line 14 of Schedule
B (Form 3468) . . . . . . . . . . . . . . . . . . . . . . . 57,750
26 Allowed business energy investment credit - Enter smaller of
line 24 or line 25 . . . . . . . . . . . . . . . . . . . . . 56,657
27 Total allowed regular and business energy investment credit
- Add lines 23 and 26. Enter here and on Form 1040, line
43; Schedule J (Form 1120), line 4(b), page 3; or the proper
line on other returns . . . . . . . . . . . . . . . . . . . 116,492
Form 3468, Schedule B, Business Energy Investment Credit
(Schedule B), referred to on line 25 of “PART IV. - Tax Liability
Limitations” of Form 3468, showed the following:
(1) (2) (3) (4) (5) (6)
Class of Qualified
property investment
Type of or life Unadjusted Applicable(Column 4 x
Property Line years Code basis/Basis Percentagecolumn 5)
Recovery (a) 3-Year 60
(b) Other C 577,500 100 577,500
Nonrecovery (c) 3 or more
but less 33 1/3
than 5
(d) 5 or more
but less 66 2/3
than 7
(e) 7 or more 100
2 Total 10% energy investment property - Add lines 1(a)
through 1(e), column (6) . . . . . . . . . . . . . . . . . . 577,500
* * * * * * *
7 Enter 10% of line 2 . . . . . . . . . . . . . . . . . . . . 57,750
* * * * * * *
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