Skip to main content
Level 2
March 2, 2024
Question

Form 8936 for S Corporations

  • March 2, 2024
  • 3 replies
  • 23 views

ProSeries instruction advises to find form 8936A to report clean vehicle credit. However, there is no such form available in S Corp module. What do we do?

This topic has been closed for replies.

3 replies

dkh
Level 15
March 2, 2024

Download form from IRS website, complete and attach as pdf to the 1120S return

HM1984Author
Level 2
March 2, 2024

Is this really the only solution? Why wouldnt Proseries prof have this form for S corps? Just doesn't make sense to me that we have to go such a manual way for this. 

Level 15
March 2, 2024

@HM1984 wrote:

Why wouldnt Proseries prof have this form for S corps? Just doesn't make sense to me that we have to go such a manual way for this. 


 

It seems to me that Intuit is against the Inflation Reduction Act.  They don't have some of the vehicle forms and they still have Form 5695 screwed up.  It is either that or the development team is completely incompetent in regards to that law and the related energy tax forms. 

 

Intuit Community Champion
August 18, 2024

IRS instructions says s-corps can put on form 3800. No need to attach, or use form 8936.

From instructions form 8936. Link   https://www.irs.gov/instructions/i8936

The part of the credit attributable to business/investment use of a new clean vehicle is treated as a general business credit. Any part of the credit not attributable to business/investment use is treated as a personal credit.

Partnerships and S corporations must file this form to claim the credit. All other taxpayers are not required to complete or file this form if their only source for this credit is a partnership or S corporation. Instead, they can report this credit directly on line 1y in Part III of Form 3800, General Business Credit.

Level 2
March 16, 2025

Hi,

I am looking for a help with same topic can anyone please help - 

Can a S-Corp with 20k of Net income, claim EV Tax credit for Tesla purchased for Business?

If so, how do I claim the credit. I cant find form 8936 in Pro Series

Also Do I need to enter this information on 1120S to claim the Credit? if so where?

Thank you

 

March 16, 2025

Hi @Amit173
Check out this article to see if it can get you started: Filing Form 8936 and calculating plug-in electric drive vehicle credits in ProSeries