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I would like to attach Form 8936 to claim an EV credit for by S corp owned Tesla Y. However, the form does not appear when searched in Tax Tools. Any solution?

 
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PatriciaV
Employee Tax Expert

I would like to attach Form 8936 to claim an EV credit for by S corp owned Tesla Y. However, the form does not appear when searched in Tax Tools. Any solution?

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 1065 p5-6 Line 15 or 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 Form 1065 Schedule K-1 Box 15 Code AY (Box 13 for 1120S).

 

IRS links to forms & instructions:

TurboTax Business does not support PDF attachments for e-filed returns at this time. You can still e-file your return, but you'll need to mail a paper copy of your 1099-B to the IRS along with Form 8453, which you can print using Forms Mode.

 

Mail these completed forms to the IRS at the address below by the tax-filing deadline:

Internal Revenue Service

Attn: Shipping and Receiving, 0254

Receipt and Control Branch

Austin, TX 73344-0254

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