topic Re: Form 8936 Error in Deductions & credits

Form 8936 Error

japeof99 — Tue, 25 Feb 2020 14:31:28 GMT

I filed mid February but my return was rejected due to an error in Form 8936. The tentative credit amount in Box 4c was correct but the number in Box 4a was incorrect. I had to wait until February 20th for TurboTax to fix it. I returned to TurboTax and clicked "fix the error" then took me to the e-file section. After submitting, I checked the print out and noticed that it's still wrong.

I have a Tesla purchased in April 2019. Box 4a should be $7,500, Box 4b should be 50% and Box 4c should be $3,750.

TurboTax have Box 4a = $3,750, Box 4b = 50% and Box 4c = $1,875.

So I have lost $1,875 in credit. If the IRS don't reject my return again then TuboTax suggested that I have to wait until next month to file an amendment. In the meantime, the IRS are going to take $1,875 too much and I'll have to wait a long time to get it back. I know this because TurboTax also had and error in last years return. Their other option was for me to pay another $200 to talk with a Live CPA to see if they could offer a better solution.

This is the last year I'll be using TurboTax.

Re: Form 8936 Error

LeonardS — Tue, 25 Feb 2020 16:41:16 GMT

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.

Re: Form 8936 Error

japeof99 — Tue, 25 Feb 2020 23:06:30 GMT

Thanks but it's too late since the return has been e-filed (again). I'll have to wait a few days to file a 1040X and then wait 16 weeks to get the $1,875 overpayment.

Note to self. In future, do not file with TurboTax until April. Give them plenty of time to discover and fix the errors in their software.