4698 MBT Additional Tax Credit for Qualified Utilities Making Certain Capital Investments Worksheet -2026

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How to use or fill out 4698 MBT Additional Tax Credit for Qualified Utilities Making Certain Capital Investments Worksheet

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering your FEIN or TR Number at the top of the form. This is essential for identification purposes.
  3. Proceed to Section 1, where you will input the Gross Compensation Credit from Form 4570, line 3. Ensure accuracy as this affects your credit eligibility.
  4. In Section 2, if Form 4570, line 28 is positive, enter that amount. If negative, you are not eligible for additional ITC.
  5. Continue calculating in Section 3 by determining the credit amount from Form 4570, line 34 and entering it accordingly.
  6. Follow through Sections 4 to 16, ensuring each calculation is based on previous lines accurately to determine your Allowed Credit.

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