windmill Posted February 10, 2010 Report Share 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 Link to comment Share on other sites More sharing options...
kcjenkins Posted February 11, 2010 Report Share Posted February 11, 2010 It is hard to keep up with all the credits, for sure. Quote Link to comment Share on other sites More sharing options...
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