K-1 Box 15

[barosser]

have a K-1 (1065) with Box 15 code P Alt Motor Vehicle Credit. I need this to flow within the program.

I look at the 8910 but looks like the figure would go to the K-1 which I have. So where do I put this on the 1040?

Any help appreciated.

[Don in Upstate NY]

have a K-1 (1065) with Box 15 code P Alt Motor Vehicle Credit. I need this to flow within the program.

I look at the 8910 but looks like the figure would go to the K-1 which I have. So where do I put this on the 1040?

According to page 11 of "Partner’s Instructions for Schedule K-1 (Form 1065)", the credit first goes to Form 3800 (line 1r), and then flows to line 54 of your 1040.

[barosser]

According to page 11 of "Partner’s Instructions for Schedule K-1 (Form 1065)", the credit first goes to Form 3800 (line 1r), and then flows to line 54 of your 1040.

Thanks you very much