Announcement

Collapse
No announcement yet.

Hybrid Deduction

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Hybrid Deduction

    Hi,

    I have a customer who purchased a Toyota Prius in 2005 that I am preparing a return for. He included a copy of some information from www.fueleconomy.gov which states that his car would be eligible for a $2,000 deduction. It states to write in "$2,000 Clean Fuel" on Line 35 of Federal 1040.

    If I have to write it in, then I'd have to paper file, and cannot e-file. Is there another way? I use ProSeries software and so far haven't found a place I can take this $2000 deduction.

    Any advice?

    #2
    Smart Worksheet

    It actually goes on Line 36, odd as that may seem. In Proseries, use Line H in the "Other Adjustments to Income Smart Worksheet."

    Comment


      #3
      thank you!

      Thanks for the Proseries helpful hint!

      Comment

      Working...
      X