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Level 1
March 8, 2024
Question

8910 for s-corp.

  • March 8, 2024
  • 1 reply
  • 10 views

I'm able to complete the 8910 for personal returns but when I try to complete the 8910 in a S-Corp return the form says "EXPIRED". Just trying to make sure on this - that the credit is unavailable.

Thanks!!

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1 reply

qbteachmt
Level 15
March 8, 2024

From the IRS:

https://www.irs.gov/instructions/i8910

"The alternative motor vehicle credit expired for vehicles purchased after 2021. However, if you purchased the vehicle in 2021, but placed it in service during 2022, you may still be able to claim the credit for 2022. Do not report vehicles acquired after 2021 on Form 8910 unless the credit is extended."

From Intuit:

https://turbotax.intuit.com/tax-tips/going-green/what-is-irs-form-8910-alternative-motor-vehicle-credit/L95EANXr1

 

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