How do I file Form 8936 on my 1120-S return using Turbotax Business?
The form is not available in the software. Should I just manually fill one out and submit it with the rest of the return and manually type in the credit on my K-1 return?
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Yes, you are correct. Form 8936 is not available in TurboTax Business. Yes, visit the IRS website, download the 2021 Form 8936, enter the relevant information on the form, determine the credit, and enter the credit amount, if any, on your Form 1040. Below is a link to the 2021 Form 8939 as well as a link to the instructions for Form 8936.
When you open the link to Form 8936, you will be able to enter information on the form (pdf file) by just clicking in the box to enable your cursor. However, while this form is "fillable," when you begin entering information, should you save it and come back later, you won't be able to enter additional information as you had done previously. Therefore, it's best to just complete the form at one time, or just print it, and fill it out by hand to determine the appropriate credit.
Qualified Plug-in Electric Drive Motor Vehicle Credit
Thanks do you mean file it under my 1040 or 1120-S?
You need to report the credit on your schedule K for the S corporation, on line 13(g) with the code of "P" for "Other Credit."
When your prepare your personal tax return, enter your information for the electric drive motor vehicle in the Deductions and Credits section of TurboTax, then Cars and Other Things You Own, then Energy Efficient Vehicles.
I AM STILL UNABLE TO FILE IT SAYS THE FORM IS NOT AVAILABLE BUT ACCORDING TO IRS IT IS
This is an old thread. Can you please let us know which TurboTax product you are using so we can assist you?
How do I show the electric vehicle I purchased for my business? Form 8936 does not show up. I am using Turbo Tax Business 2022
Thank you
Turbo Tax does not support form 8936 in the business product. You will have to complete that form online and transfer the credit to line 13(g) of schedule K, with a code of "P" for Other (S corporation sch K) or on line 15, code F(P) on a partnership schedule K. You would then need to print and mail your tax return in. @sglassmans
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