The federal government uses a nonrefundable income tax credit as an incentive for taxpayers to install Alternative Fuel Vehicle Refueling Property. Form 8911 is used to figure the credit for alternative fuel vehicle refueling property placed in service during the tax year.
The part of the credit attributable to business/investment use is treated as a general business credit. Any part of the credit not attributable to business/investment use is treated as a personal credit. Partnerships and S corporations must file this form to claim the credit. All other taxpayers aren’t required to complete or file this form if their only source for this credit is a partnership or S corporation. Instead, they can report this credit directly on line 1s in Part III of Form 3800, General Business Credit.
To enter Form 8911 in the TaxSlayer Pro program, from the main menu of the 1040 select;
- Credits
- General Business Credit (form 3800)
- Current Year General Business Credits
- Form 8911- Part II (Alternative fuel refueling)
Note: This article is intended to provide guidance on entering the Alternative Fuel Vehicle Fueling Property Credit into the TaxSlayer Pro Program. It is not intended as tax advice.
Additional Information:
Property must be located in an eligible census tract. Refueling property placed in service after 2022 will not be treated as qualified alternative fuel vehicle refueling property unless the property is placed in service in an eligible census tract. For this purpose, an eligible census tract is any population census tract that is described in section 45D(e) or that is not an urban area. See Eligible census tract.