ProWeb: Form 8936 - Clean Vehicle Credit – Support

When completing the form for a new clean vehicle in TaxSlayer ProWeb, several of the Schedule A menu lines include the words "business/investment" as that is the terminology used on the …

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FAQs about ProWeb: Form 8936 - Clean Vehicle Credit – Support Coupon?

What is form 8936?

Clean Vehicle Credits Use Form 8939 to figure the following credits for clean vehicles you placed in service during your tax year. Who qualifies for clean vehicle credits? ...

How do I get a clean vehicle credit 8936?

If Part II is needed, an entry is required for tentative credit amount to generate the form. Go to Screen 28, General Business Credits (3800), then select Screen 28.1, Clean Vehicle Credits (8936). You can find this by going to Screen 28 in the Details tab, and then using the top left panel to locate Clean Vehicle Credits (8936). ...

How do I calculate a clean vehicle tax credit?

Use Form 8936 to figure your credit for clean vehicles you acquired and placed in service during your tax year. Also use a separate Schedule A (Form 8936) to figure the credit amount for each vehicle that qualifies for the credit. None at this time. ...

Can I transfer a 8936 credit to a Registered Dealer?

Form 8936, Clean Vehicle Credits - IRS changes to Form 8936 and Schedule 2 Allowed credit can be transfer to the registered dealers, in which taxpayer can receive cash payment or use as down payment. This credit will be reconciled on the tax return, meaning any excess advance credit received will need to be repaid. ...

What tax forms do I need to file a clean vehicle credit?

Schedule (s) A (Form 8936), Clean Vehicle Credit Amount. Form 8936, Clean Vehicle Credits. Form 3800, General Business Credit. Form 990-T, Exempt Organization Business Income Tax Return, or other applicable income tax return. ...

How do I add a new clean vehicle credit to my tax return?

You can find these forms from the IRS website (links below). Once you have calculated the amount on Form 8936 Part II Line 8, you can enter this in TurboTax on Form 1065 p5-6 Line 15 (under Credits) in the extra line below Code O. Use the drop-down to select Code AY (New Clean Vehicle Credit) then enter the amount in the box to the right. ...