Question

Form 8936 you MUST enter 7500 under 'tentative' for the calculation to be correct for Chevy Bolt or Tesla. After you enter 7500 the correct amount shows!

Forum|Forum|6 years ago
February 20, 2020
1 reply
0 views

if you enter 1875 (my amount for Chevy Bold phase out in dec 2019) then amount calculates to $469. WRONG!!!! You must enter 7500 else you will short change yourself the full $1875 phase out. The formulas are still screwed up!!!

TurboTax Deluxe Online

DawnC

Employee

The calculation issue has been corrected but you will need to delete Form 8936 and re-enter to get TurboTax to calculate it correctly. If you are using TurboTax Desktop, use Forms mode to delete the form. Here is the general procedure for viewing the forms list and deleting unwanted forms, schedules, and worksheets in TurboTax Online:

Open or continue your return in TurboTax.
In the left menu, select Tax Tools and then Tools.
In the pop-up window Tool Center, choose Delete a form.
Select Delete next to the form/schedule/worksheet in the list and follow the instructions.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"