Form 8834 - Qualified Plug-In Electric And Electric Vehicle Credit - 2012 Page 4
Download a blank fillable Form 8834 - Qualified Plug-In Electric And Electric Vehicle Credit - 2012 in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form 8834 - Qualified Plug-In Electric And Electric Vehicle Credit - 2012 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2
3
44
Form 8834 (2012)
Page
Specific Instructions
Part II
Qualified Electric Vehicle Credit
Part I
Line 24
Qualified Plug-in Electric Vehicle Credit
Enter the qualified electric vehicle passive activity credits
Line 2
allowed for your current tax year from Form 8582-CR, Passive
Activity Credit Limitations (for individuals, estates, and trusts), or
Enter the vehicle's vehicle identification number (VIN) on line 2.
Form 8810, Corporate Passive Activity Loss and Credit
The VIN of a vehicle can be obtained from the registration, title,
Limitations (for corporations). See the instructions for the
proof of insurance, or actual vehicle. Generally, the VIN is 17
applicable form for more information.
characters made up of numbers and letters.
Line 26b
Line 5
Enter the total, if any, credits from Form 1040, lines 48 through
Enter the percentage of business/investment use.
52 (or Form 1040NR, lines 46 through 49); Form 8396, line 9;
Enter 100% if the vehicle is used solely for business purposes
Form 8839, line 12; Form 8859, line 9; line 23 of this form; Form
or you are claiming the credit as the seller of the vehicle.
8910, line 22; Form 8936, line 23; and Schedule R, line 22.
If the vehicle is used for both business purposes and personal
Line 28
purposes, determine the percentage of business use by dividing
the number of miles the vehicle is driven during the year for
Although you may not owe alternative minimum tax (AMT), you
business purposes or for the production of income (not to
generally must still figure your tentative minimum tax (TMT) to
include any commuting mileage) by the total number of miles
figure your credit. For a small corporation exempt from the AMT
the vehicle is driven for all purposes. Treat vehicles used by
under section 55(e), enter -0-. Otherwise, complete and attach the
your employees as being used 100% for business/investment
applicable AMT form or schedule and enter the TMT on line 28.
purposes if the value of personal use is included in the
Line 29
employees’ gross income, or the employees reimburse you for
the personal use. If you report the amount of personal use of the
If you cannot use part of the credit because of the tax liability
vehicle in your employee's gross income and withhold the
limit, the unused credit is lost. The unused or excess credit
appropriate taxes, enter “100%” for the percentage of business/
cannot be carried back or forward to other tax years.
investment use.
Paperwork Reduction Act Notice. We ask for the information
If during the tax year you convert property used solely for
on this form to carry out the Internal Revenue laws of the United
personal purposes to business/investment use (or vice versa),
States. You are required to give us the information. We need it
figure the percentage of business/investment use only for the
number of months you use the property in your business or for
to ensure that you are complying with these laws and to allow
us to figure and collect the right amount of tax.
the production of income. Multiply that percentage by the
number of months you use the property in your business or for
You are not required to provide the information requested on
the production of income and divide the result by 12. For
a form that is subject to the Paperwork Reduction Act unless
example, if you converted a vehicle to 50% business use for the
the form displays a valid OMB control number. Books or
last 6 months of the year, you would enter 25% on line 5 (50%
records relating to a form or its instructions must be retained as
multiplied by 6 divided by 12).
long as their contents may become material in the
administration of any Internal Revenue law. Generally, tax
For more information, see Pub. 463, Travel, Entertainment,
returns and return information are confidential, as required by
Gift, and Car Expenses.
section 6103.
Line 7
The time needed to complete and file this form will vary
Enter any section 179 expense deduction you claimed for the
depending on individual circumstances. The estimated burden
vehicle from Part I of Form 4562, Depreciation and Amortization.
for individual taxpayers filing this form is approved under OMB
control number 1545-0074 and is included in the estimates
Line 13
shown in the instructions for their individual income tax return.
Enter total qualified plug-in electric vehicle credits from:
The estimated burden for all other taxpayers who file this form is
shown below.
• Schedule K-1 (Form 1065), box 15 (code P)
Recordkeeping
.
.
.
.
.
.
.
.
.
.
. 15 hr., 4 min.
• Schedule K-1 (Form 1120S), box 13 (code P)
Learning about the law or the form .
.
.
.
.
.
. 24 min.
Line 21
Preparing and sending the form to the IRS .
.
.
. 39 min.
Enter the total, if any, credits from Form 1040, lines 47 through
50 (or Form 1040NR, lines 45 through 47); Form 5695, line 32;
If you have comments concerning the accuracy of these time
and Schedule R, line 22.
estimates or suggestions for making this form simpler, we would
be happy to hear from you. See the instructions for the tax
Line 23
return with which this form is filed.
If you cannot use part of the personal portion of the credit
because of the tax liability limit, the unused credit is lost. The
unused personal portion of the credit cannot be carried back or
forward to other tax years.
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial