Experts! I have a problem that needs clarity. Part V on from 8936 and Part V on Schedule A 8936 point to the ability claim as a business a credit for a Qualfied Commercial Vehicle. The qualfied commerical vehicle credit by my understanding is different than Part II of 8936 in Claiming a Clean Vehicie Credit for business use of a vehicle. Under this Clean Vehicle Credit, a business can not qualify if it supasses the MAGI limit for 2022 or 2023. I believe that if a business does not qualify here, it can chose which credit to apply for, clean vehicle credit or commercial vehicle - not both. Apparently, the Commercial Vehicle Credit does not show any note to have an income limitation. If I follow the the Schedule A 8936 manually, I answer no to to part I line 5 and yes to line 7, I ultimately get a credit to line 21 of 8936 in part V and ultmately a credit that goes to form 3800 part III line 1aa for non s corp and partnership entities. This seems to makes sense looking at all the instructions for the 8936 publication. However, the software will not let me do this. Or get to this point. Pointing to Clean Vehicle Credit and MAGI limitation. Has someone who exceeds the MAGI limit in their tax return succerssfully applied the Commercial Vehicle Credit in their tax returns. Or is there an unexplained AGI limit in the credit for Qualfied Commercial Vehicle buried in the tax code? Is there a limitation in the Intuit software that needs to be fixed? Is there a workaround. Please help!
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.