Since you purchased the vehicle in 2025, you will reconcile this on your 2025 tax return. When you reconcile the credit there - you'll tell TurboTax that you purchased the vehicle and provide information such as the date of the purchase and the Vehicle Identification Number (VIN) and indicate that you transferred the credit to the dealership.
TurboTax will create the proper forms related to the credit, and add any credit that you must repay to your total tax due. This will either increase what you have to pay to the IRS or reduce any refund due to you.
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