How to fill in the tax payment report of energy storage power station

How do I file a tax credit for energy storage technology property?

Use that final amount to fill Part VI, Section I, line 17a of IRS Form 3468 titled “Energy Storage Technology Property.” Since you likely selected 'No' for Part I line 7, you'll then add 30% to line 17b. Then, multiple line 17a by line 17b to enter your credit amount in line 17c. Attach any required additional documentation. 4.

How do I report unused energy credits?

As a cooperative, see the instructions for Form 3800, Part III, line 1a, for allocating the investment credit to your patrons. If you have any unused credits from cooperatives, see the General Instructions for filing Form 3468 to report them.

What is the capacity limit for waste energy recovery property?

The term “waste energy recovery property” shall not include any property that has a capacity in excess of 50 megawatts. Qualified waste energy recovery property means property that generates electricity solely from heat from buildings or equipment if the primary purpose of such building or equipment is not the generation of electricity.

How to verify tax payment record?

First, scan the QR code on the "Tax Payment Record" for individual income tax with mobile phone APP for verification. Second, input the verification code on the "Tax Payment Record" for individual income tax on the natural person taxation management system for verification. 8.

Can a partnership transfer energy credit to a facility?

If you are a partnership electing to transfer the energy credit with respect to a facility or property under section 6418 (c), you must report the total credit amount on line 32 and Form 3800, Part III, line 4a.

What is a qualified waste energy recovery property?

Qualified waste energy recovery property means property that generates electricity solely from heat from buildings or equipment if the primary purpose of such building or equipment is not the generation of electricity. The term “waste energy recovery property” shall not include any property that has a capacity in excess of 50 megawatts.