Instructions for IRS Form 3468 Investment Credit

This document contains official instructions for IRS Form 3468 , Investment Credit - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury.

FAQ

Q: What is IRS Form 3468?
A: IRS Form 3468 is a form used to claim the investment credit on your federal income tax return.

Q: Who can use IRS Form 3468?
A: Individuals, corporations, partnerships, estates, and trusts that have made qualified investments may use IRS Form 3468.

Q: What is the purpose of IRS Form 3468?
A: The purpose of IRS Form 3468 is to claim a credit for certain investments in qualified property.

Q: What is the investment credit?
A: The investment credit is a credit that reduces your federal incometax liability, based on a percentage of your qualified investment.

Q: What is qualified property?
A: Qualified property refers to tangible property used in the course of your trade or business, such as equipment or buildings.

Q: Are there any limitations on the investment credit?
A: Yes, there are limitations on the amount of investment credit that can be claimed, based on the type of property and other factors.

Q: How do I fill out IRS Form 3468?
A: You need to provide information about your investment, including the type of property, date it was placed in service, and the amount of your qualified investment.

Q: When is the deadline to file IRS Form 3468?
A: The deadline to file IRS Form 3468 is generally the same as your federal income tax return deadline, including any extensions.