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Level 2
February 2, 2020
Solved

Energy-Effecient Vehicles PHEV tax credit

  • February 2, 2020
  • 2 replies
  • 59 views

In Nov. 2016 I leased a Ford Fusion Energi PHEV (Plug-in Hybrid Electric Vehicle) for three years. In Nov. 2019 I bought out the lease and now own the vehicle outright. Am I entitled to a Energy-effecient-vehicle tax credit in 2019? I have not declared any tax credits in previous years for these events.

    Best answer by JohnW152

    No, unfortunately, you're out of luck. 

    A plug-in electric vehicle must be brand new in the tax year the credit is claimed.

    And you weren't eligible for the credit when you leased the vehicle, since you weren't the owner then.

    Please see the TurboTax Help article “Filing Tax Form 8936: Qualified Plug-in Electric Drive Motor Vehicle Credit” for more information.

    2 replies

    JohnW152Answer
    Alumni - Intuit
    February 2, 2020

    No, unfortunately, you're out of luck. 

    A plug-in electric vehicle must be brand new in the tax year the credit is claimed.

    And you weren't eligible for the credit when you leased the vehicle, since you weren't the owner then.

    Please see the TurboTax Help article “Filing Tax Form 8936: Qualified Plug-in Electric Drive Motor Vehicle Credit” for more information.

    Level 2
    February 7, 2020

    I'm pretty certain the credit goes to the leasing company. Sorry