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I checked the IRS 8936 instruction again and it still doesn't give me a clear answer on that part. I tried the Basis reduction on line 9, also contacted intuit ...
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Thank you for your response and yes the IRS instruction form did explain to reduce the basis of line 9 by the amount of credits you received. But when I try to ...
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I'm currently working on a client's tax return and came across they purchased a Tesla in year 2024 with advance credit of $7500. If they didn't receive this cre...
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This is in WA state and yes mom is JTROS.
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Thank you all for your useful reply and I really appreciate it. I just talked to my client again and the house is owned jointly by my client's elderly parent. T...
