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Form 8936 for tax credit

Discussion in 'Model 3: Ordering, Production, Delivery' started by ChrisH, Aug 8, 2018.

  1. ChrisH

    ChrisH Member

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    Why does form 8936 say maximum credit of $2500 on line 17? I haven’t worked through the whole form because it is confusing (the Tesla has at least 4 wheels so where are the instructions it is referring to for line 4?)

    Here’s the form for reference:

    https://www.irs.gov/pub/irs-pdf/f8936.pdf
     
  2. Ejl80

    Ejl80 Supporting Member

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    Because you haven't read the whole thing.

    It tells you to pull out the instructions. Instructions for Form 8936 (2017) | Internal Revenue Service

    which brings you to 30D New Qualified Plug in Electric Drive Motor Vehicles - Tesla, Inc. | Internal Revenue Service
     
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  3. ChrisH

    ChrisH Member

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  4. ChrisH

    ChrisH Member

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  5. Ejl80

    Ejl80 Supporting Member

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    To make loopholes for the very rich? To keep HR Block in business? Why do we have to tell the IRS about the information on our W2s when it is reported to them already?
     
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  6. ChrisH

    ChrisH Member

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    Like what is the point of line 16? (Multiply by .10)

    Edit: never mind. Can’t read. That’s only for two wheel vehicles.
     
  7. ChrisH

    ChrisH Member

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    Oh my gosh that form is driving me insane. Hopefully when the time comes turbo tax will calculate it for me easier.
     
  8. boaterva

    boaterva Supporting Member

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    They do. Been there done that. :D

    I thought the same thing when I first saw this POS form and then saw it was the base plus the battery size from when EVs were golf carts. :cool:
     
  9. Trevor B

    Trevor B Member

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    RTFM
     
  10. ChrisH

    ChrisH Member

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    Haha. Fair. Fair.
     

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