Entering Qualified Plug-In Electric Vehicle Credit information

Alerts and notices

To enter Qualified Plug-In Electric Vehicle Credit information for a 1040 or 1120 , perform the following steps.

  1. Open the desired client and, if necessary, click an activity folder.
  2. Click the Add button to add an asset, or highlight the desired asset and click the Modify button.
  3. Click the appropriate link to view the remaining steps.

    1. From the drop-down list for the Credit field, select either credit code M or N. The Qualified Plug-in Electric Vehicle Credit dialog opens.
    2. In the Qualified Plug-in Electric Vehicle Credit dialog, enter information in the appropriate fields.
    3. Click OK.
    1. Click the Other tab.
    2. Click the Credit Information button.
    3. In the Qualified Plug-in Electric Vehicle Credit tab, enter the information in the appropriate fields.
    4. Click OK.
  4. Click Done to return to the Asset List window.

Notes

  • To calculate a credit for the personal use on Form 8936, Part III, enter mileage or a business use percentage on the Vehicle/Listed tab.
  • To complete Form 8936 without entering an asset, you must complete Screen 8936 in the Credits folder.
  • For 1065 returns Form 8936 is a non-calculating form. Complete the following steps to take the credit.
    1. Go to the Cr screen, in the Income & Deduction folder.
    2. Enter the total credit amount in the Other credits not entered elsewhere statement.
    3. Complete the Form 8936, in the Non Calculating folder.

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