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Level 1
July 29, 2023
Question

clean vechicle credit

  • July 29, 2023
  • 1 reply
  • 0 views

If I purchased an electric car in 2023 that qualifies and I take the credit on my 2022 tax return.  On the form 8936 it does not like that I put the year as 2023.

    1 reply

    Level 15
    July 29, 2023

    sorry but if you purchase it in '23 that's the year you take the credit not '22

    Critter-3
    Level 15
    July 30, 2023

    You are mixing up the rules ... if you bought the car in 2023 it will go on the 2023 return  EVEN IF  you use the 2022 income to qualify for the 2023 credit.   The 2023 credit form is not yet in print ... the program will handle it when the 2023 program is operational next year ... may not be until late Feb or sometime in March.  

     

    https://www.irs.gov/credits-deductions/credits-for-new-clean-vehicles-purchased-in-2023-or-after