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Level 3
February 14, 2020
Question

Calculation Error on Form 8936, Qualified Plug-in Electric Drive Motor Vehicle Credit

  • February 14, 2020
  • 9 replies
  • 43 views

On Form 8936, Part I,  line 4c  calculation is wrong. When there are amounts on line 4a and 4b, they should multiply and result should come on line 4c. But line 4a amount is directly flowing to line 4c (it is skipping multiplication by line 4b).

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9 replies

Just-Lisa-Now-
Intuit Community Champion
February 14, 2020

Someone reported it yesterday as well....  @IntuitAustin I know youre gone for the weekend, hopefully you see this upon return.

@AshleyatIntuit    I saw you poke your head in here a few times this morning, can you get this handed off to where it needs to go?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
AshleyatIntuit
Level 9
February 14, 2020

This has been reported to our development team as of yesterday.  Currently, the only option is to override the value on line 4c, based on the phase out percentage generated on line 4b. but it should be resolved in a subsequent update.  Note if you opt to override, you'll need to disable error checking in order to efile the return.  

Level 3
February 17, 2020

How to disable error checking in order to efile the return? 

I tried to e-file the return by overridden line 4c amount  but system/proseries is not allowing efile stating that we need to clear the error. 

 

Level 2
February 28, 2020

The program is smart enough to apply the phase out amount depends on the manufacture. For example Tesla, and it put 25% phase out amount based on the time the vehicle it was purchase. However, I was not aware of this calculation error, and the tax return was show a allowable credit of $1875 for a Model 3 purchased in Sep 2019. However, when I e-file it, the program recalculated it and applied the 25% to the $1875 maximum allowable credit, which only give my client  468.75. (25% of $1875). I call the support team and they apologize for the error, but my client will not return to me next year !!! hope you are not in my situation.

Just be careful when you dealing with the credit and see if the calculation is correct and if that matches the IRS's  credit, https://www.irs.gov/businesses/irc-30d-new-qualified-plug-in-electric-drive-motor-vehicle-credit.

 

 

 

Level 3
February 11, 2022

I HAVE A NEW 2021 CALCULATION ERROR FOR THIS FORM-TAXPAYERS PURCHASED TWO EACH TWO WHEEL E-BIKES. THE PROGRAM WANTS A 17 DIGIT SEREAL NUMBER BUT THEY ARE NOT CARS! THE SERIAL NUMBERS ARE NINE DIGITS AND WHEN I PUT IN ENOUGH 0's TO MAKE IT 17 DIGITS, TH ERROR CHANGES TO NOT COMPLYING WITH THE VEHICLE RGISTRY FORMAT. OF COURSE IT DOES NOT MATCH, IT'S A TWO-WHEEL VEHICLE AND I CHECKED THE BOX FOR A TWO-WHEEL VEHICLE.