F8936 clean vehicle credit

Forum|Forum|2 years ago
February 23, 2024
2 replies
3 views

F8936 new clean vehicle credit, any problems with it so far?

I have Tesla 2023 and still can not apply credit to my client tax return. Any tips from

my Tax Pros?

ProSeries Basic

This topic has been closed for replies.

Just-Lisa-Now-

Intuit Community Champion

I havent had on yet, but others have said YOU have to enter the expected credit on Line 9 for the credit to compute.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

M

MartamAuthor

Level 3

Thanks a lot. It works:)))

On Sched A of the Form 8936, part II, line 9 - tentative credit amount

it works perfectly ! Just need to know what credit amount to enter for certain vehicle.

Just-Lisa-Now-

Intuit Community Champion

You can look them up here...the site is giving me a weird error right now, but I know Ive looked them up here before

https://www.fueleconomy.gov/Feg/taxcenter.shtml

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

ljr

Level 9

I spent 20 minutes trying to figure out where to enter the price of the car thinking the credit needed the info to calculate. I finally figured it out if I just input the $7,500 it flowed.

M

MartamAuthor

Level 3

Yes, just needs to know where to enter the credit amount 🙂

But so far what I see, it is the nonrefundable credit, however the way how is calculated from the taxable income amount, it is giving clients a nice refunds. Makes the clients happy :))

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