I received a 1099 Misc for this EV Rebate for income qualified individuals. It was for the EV itself, NOT for the Home Wiring rebate. I received it after the purchase of the vehicle in the form of a check, NOT as a tax incentive or as a reduction in the purchase price at the time of sale. It is my understanding that because it is a REBATE, not a tax incentive, that it should not be taxable. However, when I enter it in Turbo Tax it is clearly being taxed, as it is reducing both my state and federal returns substantially. This is despite the fact that I answered the related questions as follows for the 1099 misc in the "Other Common Income" section (note that I do have a business as part of this return for my husband, but I am NOT entering this in the business section and I have attached the 1099 misc to me):
1) Any of the uncommon situations apply? No (I tried saying it was a manufacturers incentive payment and it still taxed it)
2) Did it involve work like your main job? No.
3) How often did you receive it? Only in the 2024 tax year.
4) Did you intend to earn money? No.
Is there a different way of entering this so that it doesn't end up getting taxed?
