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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:

  1. From the Input Return tab, go to Credits Fuel Tax Credit (4136).
  2. For tax year 2024 and newer, complete the Section for: Statement Supporting Fuel Tax Credit (FTC) Computation -1.
  3. From the Sections, select the applicable credit.
  4. Complete the required information.

For Corporate filers:

  1. From the Input Return tab, go to Credits Fuel Tax Credit (4136).
  2. 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.

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