Instructions For Form 8910 - Alternative Motor Vehicle Credit

Line 22

Clarity), visit IRS.gov and search for “Qualified Fuel Cell

Vehicles.”

If you cannot use part of the personal portion of the credit

Line 12

because of the tax liability limit, the unused credit is lost. The

unused personal portion of the credit cannot be carried back

Enter the percentage of business/investment use.

or forward to other tax years.

Enter 100% if the vehicle is used solely for business

purposes or you are claiming the credit as the seller of the

Paperwork Reduction Act Notice. We ask for the

vehicle.

information on this form to carry out the Internal Revenue

If the vehicle is used for both business purposes and

laws of the United States. You are required to give us the

personal purposes, determine the percentage of business

information. We need it to ensure that you are complying with

use by dividing the number of miles the vehicle is driven

these laws and to allow us to figure and collect the right

during the year for business purposes or for the production of

amount of tax.

income (not to include any commuting mileage) by the total

You are not required to provide the information requested

number of miles the vehicle is driven for all purposes. Treat

on a form that is subject to the Paperwork Reduction Act

vehicles used by your employees as being used 100% for

unless the form displays a valid OMB control number. Books

business/investment purposes if the value of personal use is

or records relating to a form or its instructions must be

included in the employees' gross income, or the employees

retained as long as their contents may become material in

reimburse you for the personal use. If you report the amount

the administration of any Internal Revenue law. Generally,

of personal use of the vehicle in your employee's gross

tax returns and return information are confidential, as

income and withhold the appropriate taxes, enter 100% for

required by section 6103.

the percentage of business/investment use.

The time needed to complete and file this form will vary

If during the tax year you convert property used solely for

depending on individual circumstances. The estimated

personal purposes to business/investment use (or vice

burden for individual taxpayers filing this form is approved

versa), figure the percentage of business/investment use

under OMB control number 1545-0074 and is included in the

only for the number of months you use the property in your

estimates shown in the instructions for their individual income

business or for the production of income. Multiply that

tax return. The estimated burden for all other taxpayers who

percentage by the number of months you use the property in

file this form is shown below.

your business or for the production of income and divide the

result by 12. For example, if you converted a vehicle to 50%

business use for the last 6 months of the year, you would

Recordkeeping

11 hr.

. . . . . . . . . . . . . . . . . . . . . . . . .

enter 25% on line 12 (50% multiplied by 6 divided by 12).

Learning about the law or the form

12 min.

. . . . . . . . . . . . .

For more information, see Pub. 463, Travel,

Preparing and sending the form to the IRS

22 min.

. . . . . . . .

Entertainment, Gift, and Car Expenses.

If you have comments concerning the accuracy of these

Line 15

time estimates or suggestions for making this form simpler,

we would be happy to hear from you. See the instructions for

Enter total alternative motor vehicle credits from:

the tax return with which this form is filed.

Schedule K-1 (Form 1065), box 15 (code P)

Schedule K-1 (Form 1120S), box 13 (code P)

Line 20

Enter the total, if any, credits from Form 1040, lines 47

through 50 (or Form 1040NR, lines 45 through 47); Form

5695, line 32; Form 8834, line 23; and Schedule R, line 22.

-2-

2012

Instructions For Form 8910 - Alternative Motor Vehicle Credit - 2012 Page 2

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