Instructions For Form 8910 - Alternative Motor Vehicle Credit

the Internal Revenue Code by section 1143 of Public Law

Line 9

111-5.

Enter total alternative motor vehicle credits from:

Line 4

•

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

•

Use the following list to determine the percentage to enter

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

on line 4.

•

If the vehicle is either a qualified alternative fuel vehicle

Line 14a

(for example, a Honda Civic GX), a qualified fuel cell

vehicle, or a qualified plug-in electric drive motor vehicle,

Enter the total amount claimed for the following credits (see

enter 100%.

the following lines of Form 1040 or 1040NR).

•

If the vehicle is a qualified hybrid vehicle that weighs more

than 8,500 pounds, enter 100%.

Personal Credits

Form 1040,

Form 1040NR,

•

If the vehicle is not a Toyota, Lexus, Honda, Ford, or

Line:

Mercury qualified hybrid or advanced lean burn technology

Credit for child and dependent

vehicle, enter 100%.

•

care expenses

If the vehicle is a Toyota or Lexus qualified hybrid or

advanced lean burn technology vehicle, enter 0%. These

Credit for the elderly or the

N/A

vehicles no longer qualify for the credit.

disabled

•

If the vehicle is a Honda qualified hybrid or advanced lean

Education credits

N/A

burn technology vehicle purchased after 2007 and before

July 1, 2008, enter 50%.

Child tax credit

•

If the vehicle is a Honda qualified hybrid or advanced lean

burn technology vehicle purchased after June 30, 2008, and

Retirement savings

contributions credit

before 2009, enter 25%.

•

If the vehicle is a Honda qualified hybrid or advanced lean

Mortgage interest credit

burn technology vehicle purchased after 2008, enter 0%.

These vehicles no longer qualify for the credit.

Residential energy efficient

•

If the vehicle is a Ford or Mercury qualified hybrid or

property credit

advanced lean burn technology vehicle purchased before

Credit for qualified adoption

April 1, 2009, enter 100%.

expenses

•

If the vehicle is a Ford or Mercury qualified hybrid or

advanced lean burn technology vehicle purchased after

Credit from Form 8859, District

of Columbia first-time

March 31, 2009, and before October 1, 2009, enter 50%.

•

homebuyer credit

If the vehicle is a Ford or Mercury qualified hybrid or

advanced lean burn technology vehicle purchased after

September 30, 2009, and before 2010, enter 25%.

Line 16

Although you may not owe alternative minimum tax (AMT),

Line 6

you must still figure the tentative minimum tax (TMT) to

Enter the percentage of business/investment use.

figure your allowable credit. Complete and attach the

applicable AMT form or schedule and enter the TMT on line

Enter 100% if the vehicle is used solely for business

16.

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

vehicle.

Line 18

If the vehicle is used for both business purposes and

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

personal purposes, determine the percentage of business

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

use by dividing the number of miles the vehicle is driven

The unused personal portion of the credit cannot be carried

during the year for business purposes or for the production

back or forward to other tax years.

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

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

Privacy Act and Paperwork Reduction Act Notice. We

Treat vehicles used by your employees as being used 100%

ask for the information on this form to carry out the Internal

for business/investment purposes if the value of personal

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

use is included in the employees’ gross income, or the

us the information. We need it to ensure that you are

employees reimburse you for the personal use. If you report

complying with these laws and to allow us to figure and

the amount of personal use of the vehicle in your

collect the right amount of tax.

employee’s gross income and withhold the appropriate

You are not required to provide the information requested

taxes, enter 100% for the percentage of business/

on a form that is subject to the Paperwork Reduction Act

investment use.

unless the form displays a valid OMB control number. Books

If during the tax year you convert property used solely for

or records relating to a form or its instructions must be

personal purposes to business/investment use (or vice

retained as long as their contents may become material in

versa), figure the percentage of business/investment use

the administration of any Internal Revenue law. Generally,

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

tax returns and return information are confidential, as

business or for the production of income. Multiply that

required by section 6103.

percentage by the number of months you use the property in

The time needed to complete and file this form will vary

your business or for the production of income and divide the

depending on individual circumstances. The estimated

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

burden for individual taxpayers filing this form is approved

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

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

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

estimates shown in the instructions for their individual

For more information, see Pub. 463, Travel,

income tax return. The estimated burden for all other

Entertainment, Gift, and Car Expenses.

taxpayers who file this form is shown below.

-3-

2008 Instructions for Form 8910

Instructions For Form 8910 - Alternative Motor Vehicle Credit - 2008 Page 3

Related Articles

Related forms

Related Categories