Purpose of Form

Use a separate Form 3468 to enter information and amounts in the appropriate parts to claim a credit for each investment property and any unused investment credit amount from cooperatives.

Complete a separate Form 3468 to claim an investment credit for each facility or property. You must complete Part I to report facility or property information and the appropriate part (Part II–VII) to compute your investment credit for such facility or property.

• Part II—Qualifying Advanced Coal Project Credit, section A.

• Part II—Qualifying Gasification Project Credit, section B.

• Part III—Qualifying Advanced Energy Project Credit.

• Part IV—Advanced Manufacturing Investment Credit.

• Part V—Clean Electricity Investment Credit, sections A through C.

• Part VI—Energy Credit, sections A through N.

• Part VII—Rehabilitation Credit.

Note: If you are an individual and file electronically, you must send in a paper Form 8453, U.S. Individual Income Tax Transmittal for an IRS e-file Return, if attachments are required for Form 3468.

Cooperatives. Patrons, including cooperatives that are patrons in other cooperatives, file a separate Form 3468 to enter any unused qualifying advanced coal project credit, qualifying gasification project credit, qualifying advanced

Instructions for Form 3468 (2025) Catalog Number 12277P Aug 25, 2026 Department of the Treasury Internal Revenue Service www.irs.gov

energy project credit, advanced manufacturing investment credit, clean electricity investment credit, energy credit, or rehabilitation credits allocated from cooperatives. Enter “Unused Investment Credit from Cooperatives” on a separate Form 3468, Part I, line 3a, and enter the total unused amounts (if any) on the applicable part below.

• Part II, line 6.

• Part III, line 2.

• Part IV, line 2.

• Part V, section C, line 10.

• Part VI, section N, line 31.

• Part VII, line 2.

Transferee partnerships, S corporations, and coop­ eratives. See Transferees of Eligible Credits Under Section 6418 in the Instructions for Form 3800 for information concerning partnerships, S corporations, and cooperatives that purchase credits under section 6418.