Qualified electric vehicle passive activity credits that are allowed for the current tax year are calculated on Form 8582-CR, Passive Activity Credit Limitations (for individuals, estates, and trusts). The credit allowed for the current year is entered on the first line of this form.
To access the Qualified Electric Vehicle Credit in TaxSlayer Pro, from the Main Menu of the tax return (Form 1040) select:
- Credits Menu
- Qualified Electric Vehicle Credit (8834)
- Select Passive Activity Credit Allowed and enter the amount from Form 8582-CR
Note: This is a guide to entering the qualified electric vehicle credit into the TaxSlayer Pro program. This is not intended as tax advice. For additional information, refer to the Additional Information links below.