![]() |
| | |||||||
| Prius Main Forum This is a discussion on turbotax within the Prius Main Forum forums, part of the Toyota Prius Forums category; Has anyone been successful entering the credit on turbotax? I checked with IRS and they say it goes on line ... |
| | LinkBack | Thread Tools |
| | #1 |
| Join Date: Mar 2004 Location: Camano Island, Wa.
Posts: 71
My Car: Package: Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0 | Has anyone been successful entering the credit on turbotax? I checked with IRS and they say it goes on line 35 of the 1040 form. Asked turbo tax tech support and they say use the user guide on line. I think I've wasted my money may have to go else where. BTW I used their web SW, where I logged on to their site. Harry |
| | |
| Sponsored Links |
| | #2 |
| Senior Member Join Date: Feb 2004 Location: Lake Tahoe
Posts: 347
My Car: 2007 Prius Package: N/A Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0 | It's in the standalone version. If you are doing the interview, right when you start the deductions section there is a check box for other deductions that includes hybrid vehicle costs. Checking this generates some other questions a little later for electric vehicles and then clean fuel vehicles which is where you check the boxes indicating that you purchased a vehicle manufactured to meet the clean fuel vehicle requirements. If you open the 1040 form, there is a section for other adjustments to income which is where the $2000 gets entered. I haven't checked the 1040A so don't know if it has something similar or not.
__________________ 2007 Barcelona Red CarMyne 8 Mar 2007 (46.9 MPG over 31 fill-ups in 2007) 2004 Salsa Red, 7/13/04-2/27/07 (46.4 MPG, best tank 54.4) |
| | |
| | #3 |
| Senior Member Join Date: Feb 2005 Location: Circleville, Ohio
Posts: 565
My Car: Other Non-Hybrid Package: N/A Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0 | I have used Turbo tax for the last few years. I know when I go thru the interview,it ask the question about Electric or Hybrid vehicles. Don't know what line but it should put it on the right line when you answer the question. I use Deluxe at home but did my daughters online using the Standard version. |
| | |
| | #4 |
| Join Date: Mar 2004 Location: Camano Island, Wa.
Posts: 71
My Car: Package: Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0 | I did enter as a "clean fuel vehicle", checked all the right boxes, when all was done the credit never turned up anywhere, and of course I have to pay, so I'mm looking for any deduction I can find. Thanks for the replies. Harry |
| | |
| | #5 |
| Super Moderator Join Date: Nov 2003 Location: Chicago
Posts: 2,527
My Car: Package: Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0 | I checked the TT web product and the interview and other components are virtually indistinguishable from the standalone version I have. So the deduction is definitely in there and should have appeared on Line 35 if the appropriate boxes were checked. One thing of which I'm fairly certain is it won't work with a 1040A since there's no place to enter the deduction on that form. |
| | |
| | #6 |
| Member Join Date: Dec 2004 Location: Denver, CO
Posts: 39
My Car: 2004 Prius Package: #3 Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0 | In order for Turbo Tax for the Web to register your answer correctly and give you the $2000 federal deduction, you must check nearly every box on that screen. Including very odd ones like "Was you vehicle modified to use clean fuel?" There some that I didn't check and didn't get the credit. Frankly, the software/web site uses very poorly worded text on that page. So once I just checked about every box on that page, it applied my deduction correctly. Unfortunately, I had already filed my 1040 before I noticed they didn't give me the clean vehicle deduction. So I just corrected the error, and filed a 1040x. I should have a $500 refund coming to me now according to Turbo Tax for the Web. Good luck, Powers. |
| | |
| | #7 |
| Senior Member Join Date: May 2004 Location: Silicon Valley
Posts: 155
My Car: 2004 Prius Package: N/A Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0 | Keep clicking more boxes on the clean fuel vehicle deduction page until it lists the hybrid vehicles (2004 Civic, 2004 Prius, ...) after you hit "next". If it never asked you which hybrid model you bought, then you didn't click enough boxes in the first level clean fuel checklist. |
| | |
| | #8 |
| Member Join Date: Dec 2003 Location: Long Island, NY
Posts: 60
My Car: Package: Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0 | You shouldn't have someone do your taxes for that reason. If you can't get the program to put 2000 on line 34, Merely override line 34 and force the issue. |
| | |
| | #9 |
| Senior Member Join Date: Feb 2004 Location: Jersey City, NJ
Posts: 122
My Car: 2004 Prius Package: #9 Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0 | I used TurboTax for the Web. You have to check every box on that page to get the deduction. The instructions are not clear. It shouldn't work that way. My problem was different. I used the standard version through the IRS site to file for free and when I got to the end it would not let me file unless I paid $29.95. What a racket. By the way the standard version does not allow you to import your data from the previous year which is why I used TurboTax in the first place. So I had to enter all my data and still pay the premiere price. I will call for reimbursement and never use TurboTax again. There are plenty of other free web tax services. |
| | |
| | #10 |
| Join Date: Mar 2004 Location: Camano Island, Wa.
Posts: 71
My Car: Package: Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0 | Thanks for all of your suggestions, after I checked all but "none of the above" it worked and went to the right screen, and gave me crediit. Again thankyou all! I received more knowledgeable support here than from turbotax tech support. Plus, I enjoy reading all the posts, we soon will be upgrading our cells and will be researching BT compatible cells, and I bet I find all I need to know here as well! Harry |
| | |
| Bookmarks |
| Thread Tools | |
|
|
| | ||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Which TurboTax | Renocat | Prius Tax Credit Discussion | 18 | 02-14-2007 09:31 PM |
| Anyone else try turbotax yet? | streyle | Prius Tax Credit Discussion | 12 | 01-01-2007 09:30 AM |
| 05 Tax Credit and Turbotax | s3nfo | Prius Main Forum | 5 | 03-04-2006 09:12 PM |
| Which TurboTax | Renocat | Prius Main Forum | 0 | 12-31-1969 07:00 PM |
| Anyone else try turbotax yet? | streyle | Prius Main Forum | 0 | 12-31-1969 07:00 PM |