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Why does the new tax form (2023) incorrectly blocks EV Tax Credit for new purchases?
I purchased a new EV in Jan of 2023 and am trying to enter it into Turbotax. Just got the update so that the EV Tax section is working, but when I answer the question of whether my EV was purchased new as a lease or not, if I state that it's not being leased to me, then I'm told that I'm not eligible for the tax credit. However, if I say that I am leasing it, it allows me to fill in my car information.
Everything I've read about this tax credit says it's the opposite. If I lease my car, I'm NOT eligible for the tax credit. Why does that page have this error, and when will the fix be out??
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‎January 24, 2024
10:46 AM