Form 8834

Department of the Treasury

Internal Revenue Service

Qualified Electric Vehicle Credit OMB No. 1545-1374

Attachment

Sequence No. 96

© Attach to your tax return.

Part I

Part II

Name(s) shown on return Identifying number

Tentative Credit

Cost of vehicle

Section 179 expense deduction. See instructions

Subtract line 2 from line 1

Multiply line 3 by 10% (.10)

Limitation per vehicle

Enter the smaller of line 4 or line 5

Current year qualified electric vehicle credit. Add line 6, columns (a) through (c)

Passive activity credits included on line 9. See instructions

Subtract line 10 from line 9

Passive activity credits allowed for 1994. See instructions

Tentative qualified electric vehicle credit. Add lines 11 and 12

Tax Liability Limitation

Enter the amount of your regular tax:

Individuals. Enter the amount from Form 1040, line 40

Corporations. Enter the amount from Form 1120, Schedule J, line 3 

Other filers. Enter your regular tax before credits from your return. See

instructions

Credits that reduce regular tax before the qualified electric vehicle credit:

Credit for child and dependent care expenses (Form 2441, line 10)

Credit for the elderly or the disabled (Schedule R (Form 1040),

line 21)

Mortgage interest credit (Form 8396, line 11)

Foreign tax credit (Form 1116, line 32, or Form 1118, Sch. B, Part III,

line 12)

Orphan drug credit (Form 6765, line 10)

Credit for fuel from a nonconventional source

Add lines 15a through 15g

Net regular tax. Subtract line 15h from line 14. If zero or less, do not file this form; you cannot

claim this credit 

Tentative minimum tax (see instructions):

Individuals. Enter the amount from Form 6251, line 26

Corporations. Enter the amount from Form 4626, line 13

Estates and trusts. Enter the amount from Form 1041, Schedule H, line 37

Excess of net regular tax over tentative minimum tax. Subtract line 17 from line 16. If zero or

less, do not file this form; you cannot claim this credit

Qualified electric vehicle credit allowed. Enter the smaller of line 13 or line 18. Also, enter on

Form 1040, line 44; Form 1120, Schedule J, line 4d; Form 1041, Schedule G, line 2b; or the

appropriate line of other income tax returns. See instructions

1

2

3

4

5

6

7

10

11

12

13

14

15

a

b

c

d

f

g

h

16

17

18

19

1

2

3

4

5

6

7

10

11

12

13

%

% 14

15a

15b

15c

15d

15f

15g

15h

16

17

18

19

(a) (b) (c)

4,000 4,000 4,000

Cat. No. 14953G Form 8834 (1994)

Possessions tax credit (Form 5735) 15e

a

b

c

e

a

b

c

If you are a— Then enter total of current year qualified electric vehicle credit(s) from—

a Shareholder Schedule K-1 (Form 1120S), lines 12d through 13

8 Credits from flow-through entities:

9 Total current year credit. Add lines 7 and 8 9

8 %

© See instructions on back.

b Partner Schedule K-1 (Form 1065), lines 13d through 14

For Paperwork Reduction Act Notice, see back of form.
Qualified Electric Vehicle

A qualified electric vehicle is any motor vehicle that is:

● Manufactured primarily for use on public streets, roads,

and highways, and has at least four wheels;

● Powered primarily by an electric motor drawing current

from rechargeable batteries, fuel cells, or other portable

sources of electrical current;

● Originally used by you; and

● Acquired for your own use and not for resale.

Exceptions. The qualified electric vehicle credit does not

apply to vehicles that are:

● Used primarily outside the United States;

● Used by a governmental unit or agency or any foreign

person or entity; or

● Used by a tax-exempt organization (other than a section

521 farmers’ cooperative) unless the property is used mainly

in an unrelated trade or business taxed under section 511.

See section 50(b) for details and other exceptions that may

apply.

Form 8834 (1994) Page 2

Recapture of Credit

If the vehicle no longer qualifies for the credit in a later year,

you must recapture part or all of the credit. Generally, no

recapture occurs, however, on the sale or other disposition of

the vehicle (including a disposition resulting from an accident

or other casualty).

Specific Instructions

Part I

Columns (a) through (c)

Line 2

Line 10

Line 12

Part II

Line 17

● Operated exclusively on a rail or rails;

You must reduce the basis of any vehicle for which the

credit is allowable by the amount of the credit.

For details on how to figure the recapture, get Pub. 535,

Business Expenses.

Complete lines 1 through 6 for each vehicle. Use a separate

column for each vehicle. If you need more columns, use

additional Forms 8834 and include the total on line 7.

If you took a section 179 expense deduction on an electric

vehicle, you must reduce the cost of the vehicle by this

amount. Enter on this line any section 179 expense

deduction you claimed for this vehicle in Part I of Form

4562, Depreciation and Amortization.

Enter the amount of any credits included on line 9 that are

from a passive activity. Generally, a passive activity is a trade

or business in which you did not materially participate.

Rental activities are passive activities, whether or not you

materially participate. See Form 8582-CR, Passive Activity

Credit Limitations, or Form 8810, Corporate Passive Activity

Loss and Credit Limitations, for more details.

Enter the qualified electric vehicle passive activity credits

allowed for 1994 from Form 8582-CR or Form 8810. See the

instructions for the applicable form for more information.

Enter the tentative minimum tax that was figured on the

appropriate alternative minimum tax form. Although you may

not owe alternative minimum tax, you must still figure the

tentative minimum tax to figure your credit.

Printed on recycled paper

General Instructions

Section references are to the Internal Revenue Code.

Purpose of Form

Use Form 8834 to figure the credit for qualified electric

vehicles placed in service during the year. The credit is 10%

of the cost of a qualified electric vehicle. The maximum

amount of credit you may take for each vehicle is $4,000.

Line 14c

Filers of Form 990-T, Exempt Organization Business Income

Tax Return, enter the total of either lines 35c and 37 or lines

36 and 37, whichever applies.

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.

The time needed to complete and file this form will vary

depending on individual circumstances. The estimated

average time is:

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. You can write to both

the IRS and the Office of Management and Budget at the

addresses listed in the instructions for the tax return with

which this form is filed.

Recordkeeping 6 hr., 28 min.

Learning about the law or the form 24 min.

Preparing, copying, assembling, and

sending the form to the IRS 31 min.

Line 19

If you cannot use part of the credit because of the tax

liability limitation, the unused credit is lost. The unused or

excess credit cannot be carried back or forward to other tax

years.