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- How to apply $7500 from 8936 brought TeslaY
How to apply $7500 from 8936 brought TeslaY
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TaxPandaCPA
Level 4
03-23-2024
11:09 PM
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Client brought a Tesla Y met all requirement for IRS 7500 tax credit tax year 2023.
How to apply payment to the 7500 credit in Proconnect?
Filing Tax Form 8936: Qualified Plug-in Electric Drive Motor Vehicle Credit
Hope it helps. Thank you in advance for marking mine as your "BEST answer"!
1 Comment 1
Terry53029
Level 14
03-24-2024
09:56 AM
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If bought in 2023 there are income phase outs, and it is a non refundable credit
