windmill Posted February 10, 2010 Report Posted February 10, 2010 Client comes in with the documents concerning his new plug-in electric drive motor vehicle. He is looking for a credit of $6497 which the US Treasury letter says is the credit amount for the vehicle he purchased. His cost is $7292. I am looking at Master Tax Guide para 1350 which states the amount of credit is $2500. Using form 8834, it computes 10% of cost, or $729 as the credit. In para 1353 of MTG, says to use 8834 for a credit which has expired. So maybe I shouldn't be using this form. Am I using the right form? I don't see that form 3800, General Business Credit is the right form even though the instructions for form 8834 says to use form 3800. Am I not connecting with something? I found it....Another form has been drafted for this purpose. Form 8936. I thought I would leave the above for others who may be stuggling with this issue. Have a great day... :rolleyes: Quote
kcjenkins Posted February 11, 2010 Report Posted February 11, 2010 It is hard to keep up with all the credits, for sure. Quote
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