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Electric Vehicle Credit
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Mark_H
Level 2
03-14-2023
04:26 PM
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Taxpayer bought a Mini Cooper EV in 2022. I've put in the information into the Screen 34 in the Vehicle Credits section, but the software is limiting the credit to $2,500 on form 8936. It should be $7,500. Any ideas on why?
Thanks,
Mark
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2 Comments 2
qbteachmt
Level 15
03-14-2023
05:05 PM
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There are some different provisions by year, and for the signed sale contract.
Are you using the IRS resources available on the web?
You need to evaluate if each purchase qualifies and what it qualifies for and which tax year applies.
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"Level Up" is a gaming function, not a real life function.
"Level Up" is a gaming function, not a real life function.
George4Tacks
Level 15
03-15-2023
10:54 AM
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