Clean Vehicle Credit for S Corp

Forum|Forum|1 year ago
February 20, 2025
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How to add Form 8936 "Clean Vehicle Credits" in turbo tax Business (S corporation) software? Please advise how to claim the $7500 credit for K1s.

TurboTax Business Windows

PatriciaV

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 using Forms Mode in TurboTax on Form 1120S p5-6 Line 13 (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. The total will be allocated to all partners on Schedule K-1 Box 13 Code AY.

IRS links to forms & instructions:

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felixkfkuo

Since Form 8936 and Schedule A are not supported for TurboTax Business, can business return still be filled electronically without 8936 and Schedule A? Or we have to fill them manually by including Form 8936 and Schedule A?

Where do I mail it? Do I mail it with a copy of the 1120S?

PatriciaV

No, Form 8936 and Schedule A cannot be filed separately from an e-filed business return. You would need to print, sign, and mail the entire return in order to include those forms.

The filing instructions included with the PDF of your return will include instructions on where to mail the signed return. We recommend using certified US mail, return receipt requested. The filing deadline is the same as for an e-filed return.

@felixkfkuo

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