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Tax Questions (specifically TurboTax)
- Thread starter KaptKamp
- Start date
Going back to my original post, question 1 has been answered thoroughly by everyone, thank you. I still haven't gotten much help in filling for the Alternative Fuel Vehicle Refueling Property Credit (Form 8911). Where can I find this on TurboTax? If I need to I will abandon TurboTax for another option because I do not want to miss out on the potentially $700+ in credit. Also, do I need receipts to file this, or just "hold on to them" incase of an unlikely audit in the future?
GreenHokie
Member
I think waiting to submit TT is probably wise at this point. For those who are not aware, there's also an available credit if you purchased a home charger... at least here in Virginia. TT indicates they will be updating their program "soon" to capture this home charger credit. So, I'm going to wait until that update happens. By then, I'm sure they'll have the Federal EV credit issue worked out.
I'm another TT user that had my initial return rejected.
I took delivery on my Model 3 prior to Dec 31, 2019, expecting the $1,875 tax credit. After the initial rejection I logged in this AM to use the (supposedly) corrected forms, and I'm also seeing a $469 credit after manually inputting $1,875 credit. What makes me nervous is this message (also attached):
I took delivery on my Model 3 prior to Dec 31, 2019, expecting the $1,875 tax credit. After the initial rejection I logged in this AM to use the (supposedly) corrected forms, and I'm also seeing a $469 credit after manually inputting $1,875 credit. What makes me nervous is this message (also attached):
Note: If the credit amount is not the entire amount you were eligible for, you were either limited by the tax that you owe or other credits you have taken. Information you enter later for other credits and deductions may also lower this credit amount.
Anyone else seeing that? Are we truly only eligible for a $469 credit, or is TT still messed up?
Attachments
I just filed using TurboTax this morning and my return was accepted by the IRS 37 minutes after submitting. I did notice there were calculation problems a few days ago when I tried completing the Form 8936 section. Additionally, the Form 8911 section (Alternative Fuel Vehicle Refueling Property Credit) was completely missing.
This morning, I just deleted that section and started over. I purchased my Model 3 in January 2019 and took delivery the same month. So, I was expecting a $3,750 credit. When I was completing the section this morning and $7,500 pre-populated on the form, I thought it was still messed up. However, on the subsequent screen, it did show the $3,750 credit. When I saved the completed forms later, I noticed on Form 8936 it showed the amount the car qualified for based upon battery size ($7,500) and that my credit was $3,750 based upon the 50% phase-out which applied in January 2019. So, the section seems to be fixed and working and you should not have to manipulate the values it calculates.
Additionally, the section for Form 8911 is active now and worked flawlessly, resulting in a 30% credit of the charger plus installation cost for personal use.
This morning, I just deleted that section and started over. I purchased my Model 3 in January 2019 and took delivery the same month. So, I was expecting a $3,750 credit. When I was completing the section this morning and $7,500 pre-populated on the form, I thought it was still messed up. However, on the subsequent screen, it did show the $3,750 credit. When I saved the completed forms later, I noticed on Form 8936 it showed the amount the car qualified for based upon battery size ($7,500) and that my credit was $3,750 based upon the 50% phase-out which applied in January 2019. So, the section seems to be fixed and working and you should not have to manipulate the values it calculates.
Additionally, the section for Form 8911 is active now and worked flawlessly, resulting in a 30% credit of the charger plus installation cost for personal use.
Stop reading between the line - explain to me how 2. was inferred. At no time does the software warn against wrongful filing nor do you get an opportunity to check the actual form, however you get confirmation that their system is a 100% right. you sound like an ass.
Yep lessons learned. I don't think anything will go that far, but the software was misleading.
When I was going through (I'm operating off of memory, so the fine details are a little fuzzy), there was a screen where you could enter an amount and it pre-populated with $7,500. I changed that to (what I thought was) the correct $1,875 but when I went to the next screen, it showed the $469 amount. What I believe it was doing was taking whatever figure was in that box and applying the 1/4 value because of the time I (and you) purchased my Tesla that is what we are entitled to. So the $469 is 1/4 of the $1,875. When I went back and entered $7,500, the credit correctly showed as $1,875.
I am not 100% certain that is what is happening; just my logical assumption. If I am correct, it is a bit misleading the way TT presents the info.
As a reminder, this is the post I was referring to (emphasis mine):
The only inference I made was that you knew you were not entitled to the $7,500 credit. You knew that your tax return (with the incorrect $7,500 credit) was wrong. THAT is what can be construed as tax fraud. Even if TT gives you a statement that your return is 100% correct before submitting, if you you knew it was incorrect (which is essentially what you stated in that post) and submitted anyways, you technically broke the law.
Sure, you can go after Intuit about it - they gave their guarantee. But the IRS is most likely going to start with you.
Sorry for believing in the truth. If that makes me sound like an ass, so be it.
I was simply making a point (and hoping to help others from making mistakes).
Same experience with my return today. My original rejection message stated to return today to resubmit.
I'm encouraged that some people's returns are getting accepted. But I updated last night, filed, but still got rejected this AM. I am going to wait a couple of days out of an abundance of caution and even then will look at the actual 8936 form before refiling.
TheNeck
Member
Ouch! You had to spend ~$2,300 to install your charger?! Rough.
The forum should be in TurboTax now in the same section as the EV credit. Make sure your app is updated or use their web version.
You don’t need to submit documentation but you should absolutely hold onto it.
Ah, ok.... that explains things a bit more. I assume the panel upgrade would count... but they're not terribly specific...
Same here, F TurboTax. I've used them for years, but this is pretty unacceptable.
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