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Level 3
December 7, 2019
Solved

Where/how do I enter basis reduction for Qualified Plug-In Electric Motor Vehicle Credit on S Corp return??

  • December 7, 2019
  • 1 reply
  • 13 views

I can't get the $7,500 basis reduction to calculate on a Tesla 3 purchased in 2018. I've entered all the credit information on Screen 26.

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Best answer by sjrcpa

I think you have to manually reduce the basis of the auto.

1 reply

sjrcpa
sjrcpaAnswer
Level 15
December 7, 2019

I think you have to manually reduce the basis of the auto.

The more I know the more I don’t know.