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Section references are to the Internal Revenue Code unless otherwise noted.
For the latest information about developments related to Form 8910 and its instructions, such as legislation enacted after they were published, go to www.irs.gov/form8910.
The alternative motor vehicle credit has been extended to cover vehicles purchased in 2015 and 2016.
Use Form 8910 to figure your credit for alternative motor vehicles you placed in service during your tax year. The credit attributable to depreciable property (vehicles used for business or investment purposes) is treated as a general business credit. Any credit not attributable to depreciable property is treated as a personal credit.
Partnerships and S corporations must file this form to claim the credit. All other taxpayers are not 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 1r in Part III of Form 3800, General Business Credit.
An alternative motor vehicle is a vehicle with at least four wheels that qualifies as a qualified fuel cell vehicle.
You are the owner of the vehicle. If the vehicle is leased, only the lessor and not the lessee, is entitled to the credit;
You placed the vehicle in service during your tax year;
The original use of the vehicle began with you;
You acquired the vehicle for use or to lease to others, and not for resale; and
You use the vehicle primarily in the United States.
Notice 2008-33, 2008-12 I.R.B. 642, available at www.irs.gov/irb/2008-12_IRB/ar12.html.
Unless you elect not to claim the credit, you may have to reduce the basis of each vehicle by the sum of the amounts entered on lines 6 and 10 for that vehicle.
If a vehicle qualifies for the qualified plug-in electric drive motor vehicle credit on Form 8936, the vehicle does not qualify for the alternative motor vehicle credit.
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