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How to generate Form 8911 in Lacerte

by Lacerte Tax 2023 Updated 2 months ago

This article will assist you with entering information related to Form 8911, Alternative Fuel Vehicle Refueling Property Credit, in Lacerte.

For tax years starting in 2023:

What's new for Form 8911 for tax year 2023:

See the Instructions for Form 8911 for updated information for:

  • Credit modification.
  • Property must be located in an eligible census tract.
  • Tax-exempt and governmental entities.
  • Transfer of credit.

New for Form 3800 for tax year 2023:

  • If you intend to make an elective payment election or a transfer election on Form 3800, you must complete a pre-filing registration before you file your tax return. See here for more information.
  • Elective payment election: Certain applicable entities and electing taxpayers can elect to treat certain IRA 2022 business credits, or CHIPS 2022 credits as elective payments. Any overpayments may result in refunds.
  • Transferring credits: Taxpayers may make an election to transfer all or a portion of certain IRA 2022 credits.
  • See IRS instructions for 3800 for more information.

For 1040 returns claiming the credit:

If the credit is from a K-1 enter the credit on Screen 20 under Credits.

If you have no personal credit, this form won't generate. The credit from passthrough entities prints directly on Form 3800, line 1s.

If the 1040 credit is not from a K-1:

  1. Go to Screen 34, General Business & Vehicle Credits.
  2. From the Sections list, select Alternative Fuel Vehicle Refueling Property Credit (8911)
  3. Enter the amounts in any of the applicable fields:
    • Total cost of qualified property
    • Business/investment use part (included above)
    • Section 179 deduction
    • Maximum credit (if not $100,000) [O]
    • Maximum personal use part of credit (if not $1,000) [O]
  4. If applicable use the new Credit Transfers Out/Elective Payments fields.

1040 filers using the new Credit transferred or Gross elective payment fields will receive Critical Diagnostic ref 60077 until the calculations are ready and may want to file extensions for the upcoming 4/15 deadline.

For 1065 returns claiming the credit:

  1. Go to Screen 20.2, Other Credits.
  2. From the Sections list, select Alternative Fuel Vehicle Refueling Property Credit (8911)
  3. Enter the amounts in any of the applicable fields:
    • Total cost of qualified property
    • Business/investment use part (included above)
    • Section 179 deduction
    • Maximum credit (if not $100,000) [O]
    • Maximum personal use part of credit (if not $1,000) [O]
  4. If applicable use the new Credit Transfers Out/Elective Payments fields which will generate the 3800 on the Partnership Return.
    • Filers that are not using the Credit Transfer Out/Elective Payment fields the credit will carry directly to the K-1 and the 3800 will not generate.

For 1120 returns claiming the credit:

  1. Go to Screen 28.1, General Business Credits.
  2. From the top list on the left side, select Alternative Fuel Vehicle Refueling Property Credit (8911)
  3. Enter the amounts in any of the applicable fields:
    • Total cost of qualified property
    • Business/investment use part (included above)
    • Section 179 deduction
    • Maximum credit (if not $100,000) [O]
    • Maximum personal use part of credit (if not $1,000) [O]
  4. If applicable use the new Credit Transfers Out fields.

For 1120S returns claiming the credit:

  1. Go to Screen 26.2, Credits (Schedule K).
  2. From the Sections list, select Alternative Fuel Vehicle Refueling Property Credit (8911)
  3. Enter the amounts in any of the applicable fields:
    • Total cost of qualified property
    • Business/investment use part (included above)
    • Section 179 deduction
    • Maximum credit (if not $100,000) [O]
    • Maximum personal use part of credit (if not $1,000) [O]
  4. If applicable use the new Credit Transfers Out/Elective Payments fields which will generate the 3800 on the S Corporation Return.
    • Filers that are not using the Credit Transfer Out/Elective Payment fields the credit will carry directly to the K-1 and the 3800 will not generate.
  1. Go to Screen 34, General Business & Vehicle Credits.
  2. Select Alternative Fuel Vehicle Refueling Property Credit from the lower-left Sections list.
  3. Enter the amounts in any of the applicable fields:
    • Total cost of qualified property
    • Business/investment use part (included above)
    • Section 179 deduction
    • Maximum credit (if not $100,000) [O]
      • Tax Year 2022 and prior: Maximum credit (if not $30,000) [O]
    • Maximum personal use part of credit (if not $1,000) [O]

The allowed business credit flows to Form 3800, page 3, line 1s. The allowed personal credit flows to Schedule 3, line 6 (Form 1040).

If you have no personal credit, this form won't generate. The credit from passthrough entities prints directly on Form 3800, line 1s.

For years prior to 2012, Form 8911 must be manually prepared.  Once prepared:

  1. Go to Screen 34, General Bus. & Passive Act. Credits.
  2. Click on the Other General Business Credits section on the bottom left corner of the Screen.
  3. Enter the Business amount under Business use in the Alternative Fuel Vehicle Refueling Property Credit (8911) subsection.
  4. Enter the Personal amount under Individual use in the Alternative Fuel Vehicle Refueling Property Credit (8911) subsection.
  5. These amounts flow to applicable fields on Form 1040 and Form 3800.
Lacerte Tax

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