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[droidish]

Finally getting around to filing for my 2017 tax returns, and filling out IRS form 8936 (Qualified Plug-in Electric Drive Motor Vehicle Credit). Form 8936 looks very simple as tax forms go, however, I only got as far as line 4 where I got stumped. Line 4 reads as follows: If the vehicle is a two-wheeled vehicle, enter the cost of the vehicle.

I even referred to the instructions for form 8936, but the wording there is exactly the same. Cost.

To me, cost is the amount I paid. The out of pocket expense. The amount I would have to finance, or the amount of the check I would sign. Literally "the bottom line" the last line of my sales contract, including freight, "handling", fees, and taxes.

When I took delivery, 7/15/17, the sales manager told me the federal tax credit is 10% of the MSRP, which for my 2017 SR was $15,995.

So which is it? Has anyone here gone through this recently with 2017 taxes?

[turbotortuga]

It is the total cost as you have mentioned. Don't mind the sales manager. Enter the figure that you have already quoted. Good luck.

[originalspacerob]

Its based off msrp does not include
Include taxes, registration and other fees. I just sent mine in 3 weeks ago. I had to amend my return. My amended return came back because they wanted my bill of sale and the government electric vehicle form that Came with the bike that certifies its an electric vehicle. Make sure you include those.  Nothing on the paperwork said they needed copies until I got my 1040X form back asking for more information. I put the msrp plus the dealer assembly charge on mine. Did not include taxes and other fees This explains it on Zero’s site. http://www.zeromotorcycles.com/incentives/


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[droidish]

...they wanted my bill of sale and the government electric vehicle form that Came with the bike that certifies its an electric vehicle. Make sure you include those...

...This explains it on Zero’s site. http://www.zeromotorcycles.com/incentives/

When I took delivery of my SR, the only forms I left with were the sales contract (bill of sale) and the temporary registration. I don't know what the electric vehicle form is. The VIN certifies it as a Zero motorcycle. Zero has only ever made electric motorcycles, ergo the VIN should satisfy the bureaucrats.

Of course I thought to check Zero's website after I posted here.   

[originalspacerob]

Ill get a picture or scan of the certificate I got from the dealer which came from Zero. It certified them as an electric vehicle manufacturer from the US governent. It has my VIN on it and the details of the company that made the bike. The paper they sent back said they needed the Bill of Sale and the certificate that the bike is an electric vehicle. Most people dont know what a Zero motorcycle is. A lady at Progressive argued with me that a Zero is not an electric motorcycle. Then she found it in there system and said they cant insure it. Then checked with her manager which said they could.
   Its all about the proper paperwork. No where on my tax forms did it say anything about the certificate. But they needed it when I didn’t give them the sales paperwork which was also not said was needed on the amended form. Youll find out after its sent in. If they need it they will send something requesting the document. You may get lucky and not need it.  Just sharing what I had to do with my taxes. I didn’t hear the the tax incentive was active again until I already filed. The dealer called me to let me know a month after I sent my taxes in and got my return already.


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[Richard230]

The last two times I applied for my IRS credit, my accountant plugged my bike's VIN into the IRS electronic rebate form and it sucked it right up.  Apparently Zero had previously filed the correct VIN information for their models with the IRS so that no additional information was needed other than the bill of sale. I mention this as my dealer did not provide me with any qualifying EV certificate when I purchased my Zero last year. Perhaps I should visit them and ask about getting one before submitting an amended return to obtain the credit. 

I have been insuring my electric motorcycles with Progressive ever since 2009 and never had a problem with doing so. In fact, my first electric motorcycle was a 2008 Electric Motorsport GPR-S, which Progressive gave an engine size of 1cc and a yearly premium of only $5 for liability-only insurance.