Form 8911 is still available for 2020. Your circumstances will determine whether this credit is available to you.
Click the Learn More link under Deductions & Credits under Cars and Other Things You Own and Entergy-Efficient Vehicle Charging Station, which states in part:
The following conditions must be met to qualify for this credit:
- You started using the station in 2020.
- You are the original owner of the station.
- The station is used primarily in the United States.
- The station is installed in your main home or business location.
Additional Limitations:
Personal Use:
- If your credit is bigger than what you owe in taxes, the taxes you owe are reduced to zero, and the rest of your credit is lost.
- If you pay alternative minimum tax (AMT) you will not be able to claim this credit. If you are close to paying AMT, this credit may be limited by your tentative minimum tax as calculated on Form 6251, Alternative Minimum Tax - Individuals, line 33.
Business Use:
- The business portion of the credit is part of Form 3800, General Business Credit, so any unused amount of the credit is not lost, but is eligible for the carryback/carryforward provisions of the general business credit.
- If you use this station for business and claim a depreciation deduction, you must subtract the credit amount when TurboTax asks you to enter the cost of the refueling station in the Business (Schedule C) or Farm section of the program.
Example: You paid $5,000 for your Nissan Leaf charging station, which you use for your own business. The charging station is eligible for a credit of $1,500. To claim the depreciation deduction, you must subtract this credit amount when entering the cost of the refueling station in the Business or Farm section of TurboTax.
Credit Recapture
You may have to recapture some or all of the credit if the station no longer qualifies for the credit.
For more information, see: 2020 instructions for Form 8911 Alternative Fuel Vehicle Refueling Property Credit.
