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2 followup:

 

1. So assuming $7,500 EV credit, does that mean I take my initial price of $50,400, subtract $7,500 and then do the same math in option 1 with $42,900 as the start?

 

2. What tax code says this? An accountant told me that the $7,500 EV credit just reduces my owed taxes and doesn’t influence my vehicle’s depreciation?