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EV Tax Credit vs AMT Tax Credit
My EV tax credit of $7500 is disallowed apparently due the fact that I am getting AMT tax credit (8801). It will take years to use up my past AMT payments. So this means I will never be able to use EV credit. Can this be true? Why do they punish a taxpayer for buying and EV and then denying the EV credit?
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‎April 10, 2021
4:09 PM