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Form 8936 and Schedule A for that form are not supported for TurboTax Business. 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 ...
Thanks for the info. From everything I see, the S-Corp has to file a Form 8936 (and 8936-A) and then the credit gets passed through to the shareholders on their K-1s, line 13. And then that gets to Form 3800 as part of the 1040 return. So as far as I can tell, we still need a Form 8936 for the S-corp return...
TurboTax has released an update to Form 8936. Follow these steps to insure that TurboTax is using the updated Form 8936. Clear your browser's cookies and cache . Delete Form 8936 . Enter your vehicle information on Form 8936 . This link Filing Tax Form 8936: Qualified Plug-in Electric Drive Motor Vehicle Credit has information you may find helpful.
Form 8936 Availability for 2023 Simply put ... the IRS takes time to approve forms in any tax program. After the IRS puts out tech specs on a form the programmers must integrate it into the tax program, then test it and forward it to the IRS for testing and approval ... sadly this takes time so all you can do is wait.
Per the 6 bullet point list of basic/summary rules for qualifying directly from the instructions in IRS Form 8936 only mentions this “Date Placed in Service” concept (2nd bullet point below) which matches Line 3 of the actual form (Enter date vehicle was placed in service (MM/DD/YYYY)), but somehow the acquisition date seems to be used or ...
According to IRS guidance and the new Form 8936, I should be able to claim a credit in my 2022 tax filing for a car I purchased in 2023. Form 8936 specifically says that it could be used for “new clean vehicles” placed in service after 2022. IRS guidance states you can take the credit the year you purchase the vehicle or year before.
Thirdly, the same scenario happened in a previous tax year and you pushed the date forward FOUR TIMES! Finally, you are also late with my state 1040 which is now due to be ready on January 31. You have me tied up in knots waiting for a substantial refund without any incentive to get Form 8936 resolved promptly.
How do I look for a duplicate 1098 and amend my 2022 taxes if a duplicate is found?
You would need to manually calculate the credit using the form 8936 instructions, override the form and print and mail your tax return. Under normal circumstances, you shouldn't have to override anything. Returns that contain overrides cannot be e-filed and may not be covered under our 100% Accurate Calculation Guarantee. How to switch to desktop
Form 8936 will be available in this week's release of TurboTax. The forms availability article will be updated when the release is made. **Say "Thanks" by clicking the thumb icon in a post