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Claiming fed tax credit for FMQ???

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  • Claiming fed tax credit for FMQ???

    Has anyone successfully applied for the tax credit for installing the FMQ2-36?

  • #2
    Re: Claiming fed tax credit for FMQ???

    Yes. I took the credit for my FM4 last year. Form 8911 does not ask what model of home refueler you installed.

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    • #3
      Re: Claiming fed tax credit for FMQ???

      Was this an install of a used FMQ? I wasn't sure if the credit only applied in the year the equipment was "first put into service" like the $4K credit for the GX.

      Thx!
      2008 GX (extended range, trunkless version)
      Polished Metal Metallic 2012 Civic Natural Gas
      Fuelmaker FMQ-2-36 (since 2001)
      Previously owned: 2000 GX (11 years), 1995 Bi-fuel Sonoma, 2000 Bifuel Tahoe, 2000 Bi-fuel F150

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      • #4
        Re: Claiming fed tax credit for FMQ???

        It's a credit for placing a home refueling station into service and can be taken once per address. IRS does not care if the equipment is new or used.

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        • #5
          Re: Claiming fed tax credit for FMQ???

          What type of support paperwork did you send along with your federal return?

          Oklahoma has a tax credit of 50% for refueling equipment and installation but does not specify new or used. I submitted a clarification request regarding used equipment to Oklahoma tax commission but have not received a reply. It may be by address as well.
          '12 Metallic Civic NG w/Navi
          '09 White Civic GX
          '06 White Bifuel Ridgeline
          FMQ 2-36

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          • #6
            Re: Claiming fed tax credit for FMQ???

            I just used Turbotax. The interview asked if I had installed a home refueling system for alternative fuels. Line 55 on form 1040 has the "c" box checked and then puts in "Form 8910, 8911" to the right of the checkbox (note I took both the vehicle and refueling credits).

            I would just assume Oklahoma follows the federal definition. You might want to keep a copy of Publication 8911 in your files.

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            • #7
              Re: Claiming fed tax credit for FMQ???

              Originally posted by OKGX View Post
              What type of support paperwork did you send along with your federal return?

              Oklahoma has a tax credit of 50% for refueling equipment and installation but does not specify new or used. I submitted a clarification request regarding used equipment to Oklahoma tax commission but have not received a reply. It may be by address as well.
              You might want to check on installation. Everything I have read just states that the equipment is covered.

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              • #8
                Re: Claiming fed tax credit for FMQ???

                I submitted for installation and equipment for CO and got the tax credit as such (35% of the total cost). The State of Colorado was slow and lost my paperwork 4 times but I eventually got it.

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                • #9
                  Re: Claiming fed tax credit for FMQ???

                  Does anyone know how to claim the Alternative Fuel Vehicle Refueling Credit for 2008? My Tax cut program for 2008 and IRS.gov no longer show form 8911!

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                  • #10
                    Re: Claiming fed tax credit for FMQ???

                    Form 8911 is in draft stage for 2008. Most forms in draft stage now will be released in Feb. 2009. Here is a link to the draft:

                    http://www.irs.gov/pub/irs-dft/f8911--dft.pdf

                    TurboTax will likely update form 8911 after the final form is released.

                    Oklahoma sent me a ruling on taking the 50% state credit on a used CNG compressor. Their ruling is that the credit is a one-time credit ON THE EQUIPMENT (not per address). If it is unknown whether the credit has been taken on the equipment then it is assumed it has been taken and would not be eligible for the credit.

                    So I guess it is left up to the purchaser to prove the credit has not been taken, such as a letter from the previous owner or the dealer to that fact.
                    '12 Metallic Civic NG w/Navi
                    '09 White Civic GX
                    '06 White Bifuel Ridgeline
                    FMQ 2-36

                    Comment

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