Form 8911 - Alternative Fuel Vehicle Refueling Property Credit - 2014 Page 2
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Form 8911 (2014)
Page
General Instructions
Form 8911). Treat all property eligible for this exception as
business/investment use property. If you elect to claim the
Section references are to the Internal Revenue Code.
credit, you must reduce cost of goods sold by the amount you
Future Developments
entered on line 7 for that property.
Alternative fuel. The following are alternative fuels.
For the latest information about developments related to Form
8911 and its instructions, such as legislation enacted after they
• Any fuel at least 85% of the volume of which consists of one
were published, go to
or more of the following: ethanol, natural gas, compressed
natural gas, liquefied natural gas, liquefied petroleum gas, or
What's New
hydrogen.
The alternative fuel vehicle refueling property credit was
• Any mixture which consists of two or more of the following:
extended to cover non-hydrogen refueling property placed in
biodiesel (as defined in section 40A(d)(1)), diesel fuel (as defined
service after 2013. The credit is scheduled to expire for all
in section 4083(a)(3)), or kerosene, and at least 20% of the
refueling property placed in service after 2014. Do not claim a
volume of which consists of biodiesel determined without
credit for this property on Form 8911 unless the credit is
regard to any kerosene in such mixture.
extended.
• Electricity.
Purpose of Form
Basis Reduction
Use Form 8911 to figure your credit for alternative fuel vehicle
Unless you elect not to claim the credit, you must reduce the
refueling property you placed in service during your tax year.
basis of the property by the sum of the amounts entered on
The credit attributable to depreciable property (refueling
lines 7 and 13 for that property.
property used for business or investment purposes) is treated
Recapture
as a general business credit. Any credit not attributable to
depreciable property is treated as a personal credit. For more
If the property no longer qualifies for the credit, you may have to
details, see section 30C and Notice 2007-43. Notice 2007-43 is
recapture part or all of the credit. For more details, see section
available at
30C(e)(5).
Partnerships and S corporations must file this form to claim
Specific Instructions
the credit. All other taxpayers are not required to complete or
file this form if their only source for this credit is a partnership or
Line 2
S corporation. Instead, they can report this credit directly on line
To figure the business/investment use part of the total cost,
1s in Part III of Form 3800, General Business Credit.
multiply the cost of each separate refueling property by the
Amount of Credit
percentage of business/investment use for that property. If
during the tax year you convert property used solely for
For property of a character subject to an allowance for
personal purposes to business/investment use (or vice versa),
depreciation (business/investment use property), the credit for
figure the percentage of business/investment use only for the
all property placed in service at each location is generally the
number of months you use the property in your business or for
smaller of 30% of the property’s cost or $30,000. For property
the production of income. Multiply that percentage by the
of a character not subject to an allowance for depreciation
number of months you use the property in your business or for
placed in service at your main home (personal use property), the
the production of income and divide the result by 12.
credit for all property placed in service at your main home is
generally the smaller of 30% of the property’s cost or $1,000.
Line 3
Each property’s cost must first be reduced by any section
Enter any section 179 expense deduction you took for the
179 expense deduction taken for the property.
property from Part I of Form 4562, Depreciation and
Amortization.
Qualified Alternative Fuel Vehicle Refueling
Line 6
Property
If you placed refueling property with business/investment use in
Qualified alternative fuel vehicle refueling property is any
service at just one location, enter $30,000.
property (other than a building or its structural components)
If you placed refueling property with business/investment use
used for either of the following.
in service at more than one location, but all property placed in
• To store or dispense an alternative fuel (defined below) other
service at any one location would result in an amount of not
than electricity into the fuel tank of a motor vehicle propelled by
more than $30,000 if property from that location was reported
the fuel, but only if the storage or dispensing is at the point
separately on line 5, enter the amount from line 5 on both line 6
where the fuel is delivered into that tank.
and line 7. If you placed refueling property with business/
• To recharge an electric vehicle, but only if the recharging
investment use in service at more than one location, and
property is located at the point where the vehicle is recharged.
property at at least one location would result in an amount of
In addition, the following requirements must be met to qualify
more than $30,000 if property from that location was reported
for the credit.
separately on line 5, add the separate amounts for each
• You placed the refueling property in service during your tax
location, but do not include in the total more than $30,000 for
year.
any single location.
• The original use of the property began with you.
Line 8
• The property is not used predominantly outside the United
Enter total alternative fuel vehicle refueling property credits from:
States.
• Schedule K-1 (Form 1065), Partner's Share of Income,
• If the property is not business/investment use property, the
Deductions, Credits, etc., box 15 (code P); and
property must be installed on property used as your main home.
• Schedule K-1 (Form 1120S), Shareholder's Share of Income,
Exception. If you are the seller of new refueling property to a
Deductions, Credits, etc., box 13 (code P).
tax-exempt organization, governmental unit, or a foreign person
Partnerships and S corporations must always report the
or entity, and the use of that property is described in section
above credits on line 8. All other filers figuring a separate credit
50(b)(3) or (4), you can claim the credit, but only if you clearly
on earlier lines must also report the above credits on line 8. All
disclose in writing to the purchaser the amount of the tentative
others not using earlier lines to figure a separate credit can
credit allowable for the refueling property (included on line 7 of
report the above credits directly on Form 3800, Part III, line 1s.
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