Instructions For Form 8910 - Alternative Motor Vehicle Credit

Line 4

Partnerships and S corporations must always report the

above credits on line 8. All other filers figuring a separate

Tentative Credit

credit on earlier lines must also report the above credits on

line 8. All others not using earlier lines to figure a separate

Enter the tentative credit for the year, make, and model of

credit can report the above credits directly on Form 3800,

vehicle you entered on line 1. You can generally rely on the

Part III, line 1r.

manufacturer's (or domestic distributor's) certification to the

IRS of the credit allowable as explained earlier.

Line 13

For information on credit amounts for qualified fuel cell

Enter the total, if any, credits from Form 1040, lines 48

vehicles (for example, $8,000 for the 2012 Honda FCX

through 51 (or Form 1040NR, lines 46 through 48); Form

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

5695, line 30; and Schedule R, line 22.

Vehicles.”

Line 15

Line 5

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

Enter the percentage of business/investment use.

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

unused personal portion of the credit cannot be carried back

Enter 100% if the vehicle is used solely for business

or forward to other tax years.

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

vehicle.

Paperwork Reduction Act Notice. We ask for the

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

use by dividing the number of miles the vehicle is driven

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

during the year for business purposes or for the production of

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

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

amount of tax.

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

You are not required to provide the information requested

vehicles used by your employees as being used 100% for

on a form that is subject to the Paperwork Reduction Act

business/investment purposes if the value of personal use is

unless the form displays a valid OMB control number. Books

included in the employees' gross income, or the employees

or records relating to a form or its instructions must be

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

retained as long as their contents may become material in

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

the administration of any Internal Revenue law. Generally,

income and withhold the appropriate taxes, enter 100% for

tax returns and return information are confidential, as

the percentage of business/investment use.

required by section 6103.

If during the tax year you convert property used solely for

The time needed to complete and file this form will vary

personal purposes to business/investment use (or vice

depending on individual circumstances. The estimated

versa), figure the percentage of business/investment use

burden for individual taxpayers filing this form is approved

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

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

business or for the production of income. Multiply that

estimates shown in the instructions for their individual income

percentage by the number of months you use the property in

tax return. The estimated burden for all other taxpayers who

your business or for the production of income and divide the

file this form is shown below.

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

5 hr., 15 min.

enter 25% on line 5 (50% multiplied by 6 divided by 12).

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

Learning about the law or the form

18 min.

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

For more information, see Pub. 463, Travel,

Preparing and sending the form to the IRS

23 min.

. . . . . . . .

Entertainment, Gift, and Car Expenses.

Line 8

If you have comments concerning the accuracy of these

Enter total alternative motor vehicle credits from:

time estimates or suggestions for making this form simpler,

Schedule K-1 (Form 1065), Partner's Share of Income,

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

Deductions, Credits, etc., box 15 (code P); and

the tax return with which this form is filed.

Schedule K-1 (Form 1120S), Shareholder's Share of

Income, Deductions, Credits, etc., box 13 (code P).

-2-

Instructions for Form 8910 (2014)

Instructions For Form 8910 - Alternative Motor Vehicle Credit - 2014 Page 2

Related Articles

Related forms

Related Categories