
Reporting tax and fuel credits on Form 4136 in ProConnect Tax
by Intuit• Updated 1 week ago
New for tax year 2024: To help you determine if you're qualified to claim any fuel tax credit (FTC) on Form 4136, 1040 filers must complete the new Statement Supporting Fuel Tax Credit (FTC) Computation - 1.
To generate Form 4136 on an Individual return:
- From the Input Return tab, go to Credits ⮕ Fuel Tax Credit (4136).
- For tax year 2024 and newer, complete the Section for: Statement Supporting Fuel Tax Credit (FTC) Computation -1.
- From the Sections, select the applicable credit.
- Complete the required information.
For Corporate filers:
- From the Input Return tab, go to Credits ⮕ Fuel Tax Credit (4136).
- Enter any applicable information.
ProConnect doesn't automatically report back the income on Form 4136, Schedule M-1, Fuel Tax Credit. You can make this adjustment on the Schedule M-1 (Book-Tax Adj.) screen.