Form 8834 - Qualified Plug-In Electric And Electric Vehicle Credit - 2012 Page 3
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Form 8834 (2012)
Page
Future Developments
Certification and other requirements. Generally, you can rely
on the manufacturer’s (or, in the case of a foreign manufacturer,
For the latest information about developments related to Form
its domestic distributor’s) certification that a specific make,
8834 and its instructions, such as legislation enacted after they
model, and model year vehicle qualifies for the credit.
were published, go to
If, however, the IRS publishes an announcement that the
What's New
certification for any specific make, model, and model year
vehicle has been withdrawn, you cannot rely on the certification
The qualified plug-in electric vehicle credit expired for vehicles
for such a vehicle purchased after the date of publication of the
acquired after 2011. However, if you acquired the plug-in
withdrawal announcement.
vehicle before 2012, but placed that vehicle in service during
If you purchased a vehicle and its certification was withdrawn
2012, you may still be able to claim the credit for 2012. You can
on or after the date of purchase, you can rely on such
claim a credit for certain two- or three-wheeled vehicles
certification even if you had not placed the vehicle in service or
acquired after 2011 on Form 8936.
claimed the credit by the date the withdrawal announcement
General Instructions
was published by the IRS. The IRS will not attempt to collect
any understatement of tax liability attributable to reliance on the
certification as long as you purchased the vehicle on or before
Section references are to the Internal Revenue Code unless
the date the IRS published the withdrawal announcement.
otherwise noted.
The following requirements must be met to qualify for the
Purpose of Form
credit:
Use Form 8834 to claim the qualified plug-in electric vehicle
• You are the owner of the vehicle. If the vehicle is leased, only
credit and any qualified electric vehicle passive activity credits
the lessor and not the lessee is entitled to the credit;
allowed for the current tax year.
• You acquired (a vehicle is not “acquired” before the date on
The qualified plug-in electric vehicle credit attributable to
which title to that vehicle passes under state law) the vehicle
depreciable property (vehicles used for business or investment
after February 17, 2009, and before January 1, 2012;
purposes) is treated as a general business credit. Any credit not
• You placed the vehicle in service during your tax year;
attributable to depreciable property is treated as a personal
credit allowed against both the regular tax and the alternative
• The vehicle is manufactured primarily for use on public streets,
minimum tax.
roads, and highways, and not for off-road use, such as on a golf
course;
Taxpayers that are not partnerships or S corporations, and
whose only source of this credit is from those pass-through
• The original use of the vehicle began with you;
entities, are not required to complete or file this form. Instead,
• You acquired the vehicle for use or to lease to others, and not
they can report this credit directly on Form 3800.
for resale; and
Qualified Plug-in Electric Vehicle Credit
• You use the vehicle primarily in the United States.
Qualified Plug-in Electric Vehicle
Exception. If you are the seller of a qualified plug-in electric
vehicle to a tax-exempt organization, governmental unit, or a
This is a vehicle made by a manufacturer that is propelled to a
foreign person or entity, and the use of that vehicle is described
significant extent by an electric motor that draws electricity from
in section 50(b)(3) or (4), you can claim the credit, but only if you
a battery that can be recharged from an external source of
clearly disclose in writing to the purchaser the amount of the
electricity and has a capacity of not less than:
tentative credit allowable for the vehicle (from line 11 of Form
• 2.5 kilowatt hours if the vehicle has 2 or 3 wheels, or
8834).
• 4 kilowatt hours if the vehicle has 4 wheels.
For more information, see the following.
The vehicle must also be either:
• Section 30.
• A low speed vehicle, or
• Notice 2009-58. You can find Notice 2009-58 on page 163 of
Internal Revenue Bulletin (IRB) 2009-30 at
• A vehicle with 2 or 3 wheels that, according to the
manufacturer, has a loaded weight (GVWR) of less than 14,000
pounds.
• Section 9 of Notice 2009-89. You can find Notice 2009-89 on
page 714 of IRB 2009-48 at
A low speed vehicle is a vehicle that:
• Has 4 wheels,
Basis Reduction
• Can attain a speed of more than 20 but not more than 25
Unless you elect not to claim the credit, you may have to reduce
miles per hour after 1 mile on a paved level surface, and
the basis of each vehicle by the sum of the amounts entered on
• According to the manufacturer, has a loaded weight (GVWR)
lines 11 and 18 for that vehicle.
of less than 3,000 pounds.
Recapture of Qualified Plug-in Electric Vehicle Credit
If the vehicle no longer qualifies for the credit, you may have to
recapture part or all of the credit. For details, see section
30(e)(5).
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