Turbo tax added Form 8936 in error. Telsa bought after Jan 01,2019 do not get 100%. You need to correct your program. Only supposed to get 25%

[CatinaT1]

Form 8936 Issue Known

[RRTEX1]

So I didnt know this as the form was pushed out yesterday night. I E-Filed and it was accepted, now your saying the form is messed up. Would I need to amend taxes now?

[DeanM15]

You may need to file an amended return. You would not file the amended return until Form 8936 is fixed, and your original return is processed. 

I would sign up for the e-mail that CatinaT1 put above when Form 8936 is fixed and follow the instructions on the e-mail. 

[GuyHenry]

This is so upsetting.  I waited a month to get the form 8936 entered into TT so I could finally complete my taxes.  Was thrilled to see the $7500 credit.  I knew nothing about a phaseout, and now a week later it’s like “Psych…fooled you.  You only get $1875.”  So now we’re stuck with a giant Trump tax bill.  Oh, it gets better; after you hit Done, you find out other deductions you’ve taken reduce it even more!  Dropped again from $1875 to only $469.  Yes, you’re going to say it’s not TT, it's the IRS.  But TT served up a big “Good News!” and then a devastating disappointment. GRRRR.

[jbwwri]

In the box you should use 7500 and it will say you have 1875 credit. I did the same thing.  You should get 1875 instead of 469.  

Hope this helps.

JB

[LinaJ2020]

The issue is supposed to be fixed sometime today 2/21/2020.  See here: Form 8936 calculations

Please also update your program before fixing the reject.  

• If you are using the TurboTax CD/Download software program, open the program, from the top, under Online, select Check for Updates.
• If you are using the online version, it's an automatic update when you sign in and out. 

If you are using TurboTax online version, I suggest you also clear your cache before logging back into the program.  To clear cache, click here 

https://ttlc.intuit.com/community/troubleshooting/help/how-to-clear-your-cache/00/26135

[GuyHenry]

Yes, jbwwri, so far that worked!  As long as it doesn’t get rejected by the IRS again.  Thank you!