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Level 5
February 15, 2024
Solved

Form 8936 looks ready, but it is not computing a credit. Taxpayer's income is within limits and I've entered the required vehice information. What am I doing wrong?

  • February 15, 2024
  • 3 replies
  • 32 views
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    Best answer by Shirley79

    lots of checkboxes on that form, some of them dont seem to act right for me....but Im not sure if its because the fake data Im entering is the problem or if the form is the problem.

    Report back here if you figure out the problem, it might help someone else!


    Intuit tech solved it.  You have to manually enter the expected credit in Part II line 9 of the worksheet.

    3 replies

    Just-Lisa-Now-
    Intuit Community Champion
    February 15, 2024

    I havent had anyone come in with an EV car yet and theres a lot of specific info to input for these, Im not sure I can just use a fake VIN to test it out.

    Youre sure that vehicle is in the list that qualifies?  Check it by year and purchase date here  

    https://fueleconomy.gov/feg/tax2023.shtml

     

    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
    Shirley79Author
    Level 5
    February 15, 2024

    They have the letter from the dealer.  Its a Chevy Bolt 

    Just-Lisa-Now-
    Intuit Community Champion
    February 15, 2024

    Im sure they give those out to anyone that buys an EV car, but delivery date matters and MSRP matters.

    Id take a few minutes to look it up on that website, just to be sure.

    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
    Level 2
    February 21, 2024

    The credit calculated on Form 8936 isn't flowing to Schedule 3.  Is there some magic trick to make that work correctly?

    Level 2
    February 21, 2024

    As long as the $7,500 credit amount shows on Line 13, Part III on Form-8936, then it should flow to Schedule-3. Mine is working fine.

    Level 2
    February 21, 2024

    Line 13, part III shows $7500, yet nothing flows to Sch-3 😞

    Level 4
    March 1, 2024

    anyone know when this form will be EF Ready?

    Just-Lisa-Now-
    Intuit Community Champion
    March 1, 2024

    Works fine for me.  If you opened that client return and started completing that form earlier in the season, before an update last week I think? you may have to delete the form and start over for it to work right.

    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
    Level 4
    March 1, 2024

    Thanks, but I put everything in already and the credit is showing, it's just at the top of the Form it says, in yellow, "Form 8936 not EF ready"?