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- Re: Vehicle credit allowed but MAGI exceeds thresholds
Vehicle credit allowed but MAGI exceeds thresholds
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Strongsilence-C
Level 10
2 weeks ago
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MFJ with MAGI > 150k in 2023 and MAGI > 300K in 2024.
The 2023 AGI was input to Form 34. I answered the questions 4a to 8e. I input the tentative credit of $7,500So the New Clean Vehicle Credit should be disallowed.
LC allows it. I expected it would be disallowed by LC as it knows the MAGI for each year.
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Strongsilence-C
Level 10
2 weeks ago
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Maybe I need to omit the tentative credit? That is not it because the instructions say:
- If Part II is needed, an entry is required for the tentative credit amount to generate the form.
Strongsilence-C
Level 10
2 weeks ago
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I'm dumb, or stressed or both. They are allowed the credit because MAGI does NOT exceed 300K for BOTH years.
