8834 Qualified electric Vehicle Credit

8834

Form
(Rev. November 2020)
Department of the Treasury
Internal Revenue Service
Name(s) shown on return

Qualified Electric Vehicle Credit
▶ Go

OMB No. 1545-1374

▶ Attach to your tax return.
to www.irs.gov/Form8834 for the latest information.

Attachment
Sequence No. 111
Identifying number

Caution: This form only applies to qualified electric vehicle passive activity credits from prior years (allowed on Form 8582-CR or Form 8810
for the current year). The qualified electric vehicle credit was available for certain vehicles placed in service before 2007.
1

Qualified electric vehicle passive activity credits allowed for your current tax year (see instructions)

2

Regular tax before credits:
• Individuals. Enter the sum of the amounts from Form 1040, 1040-SR, or 1040-NR,
line 16, and Schedule 2 (Form 1040), line 2.
• Corporations. Enter the amount from Form 1120, Schedule J, line 2; or the
applicable line of your return.
• Estates and trusts. Enter the sum of the amounts from Form 1041, Schedule G,
lines 1a and 1b; or the amount from the applicable line of your return.

3

Credits that reduce regular tax before the qualified electric vehicle credit:
a Foreign tax credit . . . . . . . . . . . . . . . . . . .
b Certain allowable credits (see instructions) . . . . . . . . . . .
c Add lines 3a and 3b . . . . . . . . . . . . . . . . . .

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3c

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Net regular tax. Subtract line 3c from line 2. If zero or less, enter -0- here and on line 7

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5

Tentative minimum tax:
• Individuals. Enter the amount from Form 6251, line 9.
• Corporations. Enter -0-.
• Estates and trusts. Enter the amount from Schedule I (Form 1041), line 52.

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Subtract line 5 from line 4. If zero or less, enter -0- here and on line 7 .

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Qualified electric vehicle credit. Enter the smaller of line 1 or line 6. Report this amount on
Schedule 3 (Form 1040), line 6; Form 1120, Schedule J, line 5b; or the appropriate line of your return.
If line 6 is smaller than line 1, see instructions . . . . . . . . . . . . . . . . . . ▶

For Paperwork Reduction Act Notice, see instructions.

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Cat. No. 14953G

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Form 8834 (Rev. 11-2020)

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Form 8834 (Rev. 11-2020)

General Instructions
Section references are to the Internal Revenue Code unless
otherwise noted.

Future Developments
For the latest information about developments related to Form
8834 and its instructions, such as legislation enacted after they
were published, go to www.irs.gov/Form8834.

Which Revision To Use
Use this November 2020 revision of Form 8834 for tax years
beginning in 2020 or later until a later revision is issued. Use
prior revisions of this form for earlier tax years. All revisions are
available at www.irs.gov/Form8834.

Purpose of Form
Use Form 8834 to claim any qualified electric vehicle passive
activity credit allowed for the current tax year.

Specific Instructions
Line 1
Enter the qualified electric vehicle passive activity credits
allowed for your current tax year from Form 8582-CR, Passive
Activity Credit Limitations (for individuals, estates, and trusts), or
Form 8810, Corporate Passive Activity Loss and Credit
Limitations (for corporations). See the instructions for the
applicable form for more information.

Line 3b
Follow the instructions below and refer to your income tax
return to figure the amount to enter on line 3b.
Form 1040, 1040-SR, or 1040-NR. Enter the total of any credits
on Form 1040, 1040-SR, or 1040-NR, line 19, and Schedule 3
(Form 1040), lines 2 through 6 (not including any alternative fuel
vehicle refueling property credit (personal use part) from Form
8911, line 19; any general business credit from Form 3800; any
credit for prior year minimum tax from Form 8801; or any credit
to holders of tax credit bonds from Form 8912).
Form 1041, Schedule G. Enter the total of any credits on line 2e
(not including any alternative fuel vehicle refueling property
credit (personal use part) from Form 8911, line 19; or any credits
from lines 2a through 2d).

Forms 1120, Schedule J. Enter the total of any credits on line 6
(not including any credits from lines 5a and 5c through 5e).

Line 5
Although you may not owe alternative minimum tax (AMT), you
generally must still figure your tentative minimum tax (TMT) to
figure your credit. Corporations enter -0- because they are exempt
from the AMT for tax years beginning after 2017. All others,
complete and attach the applicable AMT form or schedule and
enter the TMT on line 5.

Line 7
If you cannot use part of the credit because of the tax liability
limit, the unused credit is lost. The unused or excess credit
cannot be carried back or forward to other tax years.
Paperwork Reduction Act Notice. We ask for the information
on this form to carry out the Internal Revenue laws of the United
States. You are required to give us the information. We need it
to ensure that you are complying with these laws and to allow
us to figure and collect the right amount of tax.
You are not required to provide the information requested on
a form that is subject to the Paperwork Reduction Act unless
the form displays a valid OMB control number. Books or
records relating to a form or its instructions must be retained as
long as their contents may become material in the
administration of any Internal Revenue law. Generally, tax
returns and return information are confidential, as required by
section 6103.
The time needed to complete and file this form will vary
depending on individual circumstances. The estimated burden
for individual and business taxpayers filing this form is approved
under OMB control number 1545-0074 and 1545-0123 and is
included in the estimates shown in the instructions for their
individual and business income tax return. The estimated
burden for all other taxpayers who file this form is shown below.
Recordkeeping

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. 2 hr., 23 min.

Learning about the law or the form .

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Preparing and sending the form to the IRS .

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. 34 min.

. 1 hr., 49 min.

If you have comments concerning the accuracy of these time
estimates or suggestions for making this form simpler, we would
be happy to hear from you. See the instructions for the tax
return with which this form is filed.